%Mid-Market: S&P/ASX 200 Trading Lower; Dragged Down By Healthcare And Tech Sectors

On 18 November 2024, at AEDT 11:30 AM, the benchmark index S&P/ASX 200 is trading lower today, declining 15.40 points or 0.19%, and is currently trading at 8,269.80 levels. Out of 11, 6 sectors are trading lower along with loss in the S&P/ASX 200.

The Utilities and Materials sectors are the top 2 gaining sectors, gaining 1.21% and 0.70% in their index values. On the other hand, Healthcare and Information Technology sectors are the top 2 declining sectors, declining 1.37% and 1.21% in their index values.

Deep Yellow Limited (ASX: DYL) and Boss Energy Limited (ASX: BOE) are the top-gaining stocks, gaining 7.894% and 7.517% in their stock prices. On the other hand, Healius Limited (ASX: HLS) and Life360 Inc. (ASX: 360) are the top-losing stocks and are declining by 7.304% and 5.759% in their stock prices.

Factors influencing the market-

• National Australia Bank’s shares are declining today on news that the securities watchdog was suing the lender for contravening the National Credit Code between 2018 and 2023.
• Resolute Mining Limited’s shares dropped after agreeing to pay US$160 million ($247 million) to Mali as CEO Terence Holohan and three staff remain detained by authorities. 
• Life360 Inc. is also declining following co-founder and chief executive Chris Hulls reduced its shareholding in the company by selling more than 1% of equities.
• The Dow has closed down by 0.70%, the S&P 500 closed down by 1.32%, and the NASDAQ ended lower by 2.24%.
• Hang Seng is down by 0.05%, and FTSE 100 is down by 0.09%.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com