%Mid-Market: S&P/ASX 200 Trading Higher; Mirroring Wall Street Market

On 22 November 2024, at AEDT 11:30 AM, the benchmark index S&P/ASX 200 is trading higher today, gaining 59.90 points or 0.72%, and is currently trading at 8,382.90 levels. Out of 11, 10 sectors are trading higher along with the gain in the S&P/ASX 200.

The Energy and Healthcare sectors are the top 2 gaining sectors, gaining 2.51% and 1.20% in their index values. On the other hand, Information Technology sector is the only declining sector, declining 2.90% in its index value.

The A2 Milk Corporation Limited (ASX: A2M) and Deep Yellow Limited (ASX: DYL) are the top-gaining stocks, gaining 13.721% and 7.563% in their stock prices. On the other hand, Megaport Limited (ASX: MP1) and Wisetech Global Limited (ASX: WTC) are the top-losing stocks and are declining by 9.211% and 8.606% in their stock prices.

Factors influencing the market-

• Australian shares are gaining today, mirroring Wall Street with energy leading the way after an escalation in the Russia-Ukraine war pushed oil prices sharply higher.
• The A2 Milk Company shares shoots up today after lifting revenue guidance and announcing it would start paying dividends thanks to stronger-than-expected sales and higher dairy prices globally.
• Oil prices climbed nearly 2% as tensions between Russia and Ukraine rapidly rose with the countries launching missiles at each other, worrying markets about crude supply if the conflict widened.
• The Dow has closed up by 1.06%, the S&P 500 closed up by 0.53%, and the NASDAQ ended higher by 0.04%.
• Hang Seng is down by 0.53%, and FTSE 100 is up by 0.79%.

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