%Mid-Market: S&P/ASX 200 Trading Lower; PDN Crashed By 23%

On 12 November 2024, at AEDT 11:30 AM, the benchmark index S&P/ASX 200 is trading lower today, declining 46.70 points or 0.56%, and is currently trading at 8,219.50 levels. Out of 11, 6 sectors are trading lower along with loss in the S&P/ASX 200.

The Utilities and Financials sectors are the top 2 gaining sectors, gaining 0.39% and 0.27% in their index values. On the other hand, Materials and Energy sectors are the top 2 declining sectors, declining 1.98% and 0.78% in their index values.

Block Inc. (ASX: SQ2) and Pilbara Minerals Limited (ASX: PLS) are the top-gaining stocks, gaining 10.772% and 4.729% in their stock prices. On the other hand, Paladin Energy Limited (ASX: PDN) and Vault Minerals Limited (ASX: VAU) are the top-losing stocks and are declining by 23.451% and 8.451% in their stock prices.

Factors influencing the market-

• NIB Holdings Limited is declining after it expects to post an operating loss in the first half of the year and lowered its guidance as a boom in claims from New Zealand weighs on returns.
• Paladin Energy Limited’s shares crashed today following the company has cut its production guidance, citing production issues at its Langer Heinrich mine in Namibia.
• Oil prices fell in the previous session as more fiscal stimulus measures from top importer China underwhelmed, while a hurricane in the Gulf of Mexico appeared to have a limited impact on U.S. production.
• The Dow has closed up by 0.69%, the S&P 500 closed up by 0.10%, and the NASDAQ ended higher by 0.09%.
• Hang Seng is down by 1.45%, and FTSE 100 is up by 0.65%.

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