%Mid-Market: S&P/ASX 200 Trading Loss; Dragged Down By A-REIT Sector

On 07 November 2024, at AEDT 11:30 AM, the benchmark index S&P/ASX 200 is trading lower today, declining 37.40 points or 0.46%, and is currently trading at 8,162.10 levels. Out of 11, 8 sectors are trading higher despite the loss in the S&P/ASX 200.

The Industrials and Information Technology sectors are the top 2 gaining sectors, gaining 0.85% and 0.67% in their index values. On the other hand, A-REIT and Materials sectors are the top 2 declining sectors, declining 2.03% and 0.75% in their index values.

Sigma Healthcare Limited (ASX: SIG) and Neuren Pharmaceuticals Limited (ASX: NEU) are the top-gaining stocks, gaining 31.362% and 8.063% in their stock prices. On the other hand, Westgold Resources Limited (ASX: WGX) and Gold Road Resources Limited (ASX: GOR) are the top-losing stocks and are declining by 8.399% and 7.742% in their stock prices.

Factors influencing the market-

• Australian shares reversed early gains and dipped mid-morning in contrast to Wall Street’s record highs after Donald Trump’s decisive victory in the US election.
• Zip Co Limited’s shares are rising following reporting a 234% increase in cash earnings in the first quarter of FY25, from a year ago.
• The Dow has closed up by 3.57%, the S&P 500 closed up by 2.53%, and the NASDAQ ended higher by 2.93%.
• Hang Seng is down by 2.23%, and FTSE 100 is down by 0.07%.

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