%Mid-Market: S&P/ASX 200 Trading Higher; Rebounding From A Two-Week Low

On 14 January 2025, at AEDT 12:30 PM, the benchmark index S&P/ASX 200 is trading higher today, gaining 16.50 points or 0.20%, and is currently trading at 8,208.40 levels. Out of 11, 6 sectors are trading higher along with the gain in the S&P/ASX 200.

The Telecommunication Services and Energy sectors are the top 2 gaining sectors, gaining 0.94% and 0.92% in their index values. On the other hand, Industrial and Financial sectors are the top 2 declining sectors, declining 0.13% and 0.11% in their index values.

The Star Entertainment Group Limited (ASX: SGR) and Boss Energy Ltd (ASX: BOE) are the top-gaining stocks, gaining 12.000% and 4.980% in their stock prices. On the other hand, Premier Investment Limited (ASX: PMV) and Life360 Inc. (ASX: 360) are the top-losing stocks and are declining by 4.500% and 2.948% in their stock prices.

Factors influencing the market-

• Australian share market trading higher, rebounding from a two-week low as bargain hunters stepped in.
• The dollar fell against almost every major currency after Bloomberg News reported that Donald Trump’s incoming economic team is considering gradual hikes in tariffs.
• Energy Transition Minerals Limited’s shares gained, extending Monday’s gains. The minerals explorer, which is embroiled in a long-running legal dispute with Greenland over its plan to build a rare earths mine, said its management team would visit the island to “foster strong relationships” with its government.
• Oil prices climbed about 2% to a four-month high in the previous session on expectations that wider U.S. sanctions on Russian oil would force buyers in India and China to seek other suppliers.
• The Dow has closed up by 0.86%, the S&P 500 closed up by 0.15%, and the NASDAQ ended lower by 0.38%.
• Hang Seng is down by 1.00%, and FTSE 100 is down by 0.29%.

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