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

On 24 December 2024, at AEDT 11:30 AM, the benchmark index S&P/ASX 200 is trading lower today, declining 5.60 points or 0.07%, and is currently trading at 8,196.10 levels. Out of 11, 5 sectors are trading lower along with the decline in the S&P/ASX 200.

The A-REIT and Healthcare sectors are the top 2 gaining sectors, gaining 0.68% and 0.63% in their index values. On the other hand, Industrial and Utilities sectors are the top 2 declining sectors, declining 0.41% and 0.32% in their index values.

Arcadium Lithium Limited (ASX: LTM) and IDP Education Limited (ASX: IEL) are the top-gaining stocks, gaining 7.124% and 5.748% in their stock prices. On the other hand, Charter Hall REIT (ASX: CQR) and Vault Mineral Resources Limited (ASX: VAU) are the top-losing stocks and are declining by 3.077% and 3.031% in their stock prices.

Factors influencing the market-

• Paladin Energy Limited’s shares are rising after completing its acquisition of Fission Uranium Corp and now intends to commence a search for both a Canadian non-executive director and a senior executive to lead its Canadian operations.
• St Barbara crashed after the company said at the close of trading on Monday that it had been slapped with a hefty $206.6 million tax bill by the Papua New Guinea government relating to its Simberi gold operations.
• Oil prices edged lower in the previous session in thin trade ahead of the Christmas holiday on concerns about a supply surplus next year and a strengthened dollar.
• The Dow has closed up by 0.16%, the S&P 500 closed up by 0.73%, and the NASDAQ ended higher by 0.95%.
• Hang Seng is up by 0.82%, and FTSE 100 is up by 0.22%.

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