%Mid-Market: S&P/ASX 200 Trading Higher; Gained By Consumer Discretionary And Energy Sectors

On 27 December 2024, at AEDT 11:30 AM, the benchmark index S&P/ASX 200 is trading higher today, gaining 30.20 points or 0.37%, and is currently trading at 8,251.10 levels. Out of 11, 10 sectors are trading higher along with the gain in the S&P/ASX 200.

The Consumer Discretionary and Energy sectors are the top 2 gaining sectors, gaining 0.75% and 0.73% in their index values. On the other hand, Utilities sector is the only declining sector, declining 0.24% in its index value.

Paladin Energy Limited (ASX: PDN) and Deep Yellow Limited (ASX: DYL) are the top-gaining stocks, gaining 4.172% and 3.616% in their stock prices. On the other hand, Kelsian Group Limited (ASX: KLS) and The A2 Milk Company Limited (ASX: A2M) are the top-losing stocks and are declining by 1.738% and 1.115% in their stock prices.

Factors influencing the market-

• The Australian share market is gaining today capitalizing on the gains in commodity prices to extend their rebound in the first day of trading after the two-day Christmas break.
• The materials sector is trading in green today, led by Rio Tinto climbing 1.2% to $117.50, Fortescue 1% to $18.58 and BHP 0.4% to $39.905.
• Oil prices fell in the previous session, giving up early-day gains that followed growing hopes for fresh stimulus from China that could lift the demand outlook on crude.
• The Dow has closed up by 0.07%, the S&P 500 closed down by 0.04%, and the NASDAQ ended lower by 0.05%.
• Hang Seng is up by 1.08%, and FTSE 100 is up by 0.42%.

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