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

On 16 December 2024, at AEDT 11:30 AM, the benchmark index S&P/ASX 200 is trading lower today, declining 23.20 points or 0.28%, and is currently trading at 8,272.80 levels. Out of 11, 9 sectors are trading lower along with loss in the S&P/ASX 200.

The Consumer Discretionary and Financials sectors are the top 2 gaining sectors, gaining 0.39% and 0.18% in their index values. On the other hand, Materials and Information Technology sectors are the top 2 declining sectors, declining 1.37% and 0.80% in their index values.

Beach Energy Limited (ASX: BPT) and The Star Entertainment Group Limited (ASX: SGR) are the top-gaining stocks, gaining 2.941% and 2.564% in their stock prices. On the other hand, HMC Capital Limited (ASX: HMC) and Ventia Services Group Limited (ASX: VNT) are the top-losing stocks and are declining by 9.495% and 8.266% in their stock prices.

Factors influencing the market-

• Australian share market opened lower today after the bourse closed out its worst week since August on Friday. The fall came after the worst dip in three months for private sector output in Australia, according to Flash PMI data from index provider S&P.
• Ventia Services is trading lower after the company’s executives were named in a case over alleged price-fixing brought by the ACCC last week.
• Bitcoin surged to a record high on Sunday evening amid signs of increased whale trading, while crypto markets also cheered MicroStrategy’s addition to the Nasdaq 100.
• The Dow has closed down by 0.20%, the S&P 500 closed flat, and the NASDAQ ended higher by 0.12%.
• Hang Seng is down by 2.09%, and FTSE 100 is down by 0.14%.

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