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

On 20 January 2025, at AEDT 12:30 PM, the benchmark index S&P/ASX 200 is trading higher today, gaining 36.40 points or 0.44%, and is currently trading at 8,346.80 levels. Out of 11, 9 sectors are trading higher along with the gain in the S&P/ASX 200.

The Materials and Energy sectors are the top 2 gaining sectors, gaining 0.80% and 0.58% in their index values. On the other hand, Healthcare and Consumer Staples sectors are the top 2 declining sectors, declining 0.08% and 0.07% in their index values.

Tabcorp Holdings Limited (ASX: TAH) and Iress Limited (ASX: IRE) are the top-gaining stocks, gaining 4.296% and 4.019% in their stock prices. On the other hand, The Star Entertainment Group Limited (ASX: SGR) and Vault Minerals Limited (ASX: VAU) are the top-losing stocks and are declining by 5.078% and 1.833% in their stock prices.

Factors influencing the market-

• The Australian share market opened higher today as traders weighed the impact of Donald Trump’s return to the White House on global markets.
• Star Entertainment Group Limited’s shares are declining after it warned shareholders that unless it could find a new source of funding, its ability to stay afloat is in question.
• Iress Limited gained following the news that the company announced the sale of its superannuation business to Apex Group for $40 million in cash.
• Asian equities climbed in early Monday trading, tracking US peers following a positive conversation between Donald Trump and Chinese leader Xi Jinping ahead of the US President-elect’s inauguration.
• Oil was steady ahead of the inauguration of President-elect Donald Trump, as the market braced for a period of uncertainty and turmoil at the start of his second term in the White House.
• The Dow has closed up by 0.78%, the S&P 500 closed up by 1.00%, and the NASDAQ ended higher by 1.51%.
• Hang Seng is up by 0.31%, and FTSE 100 is up by 1.35%.

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