Australian shares lift today; Healthcare and telecommunication sectors were top gainers

Oct 25, 2022

At AEDT 12:10 PM, benchmark index ASX 200 is up today, gaining 0.44% to 6,809.20. Sayona Mining Limited and Credit Corp Group Limited are the top gainers currently with 9.57% and 7.67% growth in their share prices, respectively.

Out of 11 sectors, 8 sectors are trading in the green zone. Healthcare and telecommunication sectors are the top gainers with 1.41% and 1.11% growth in the index values. On the other hand, Energy and Material sectors are the top losers with 0.83% and 0.72% drop in the index values.

Below are some of the factors driving the market today:

1. Major US indices were up in its previous trading session. NASDAQ Composite Index, NASDAQ-100, Dow Industrials, S&P 500, and Russell 2000 ended the previous session in the green zone with a growth of 0.86%, 1.06%, 1.34%, 1.19% and 0.35% respectively.

2. The market may be influenced by the update that US Federal Reserve might slow the pace of tightening cycle later this year.

3. The energy sector was driven by the weak oil demand from China in September 2022. Brent Crude futures is currently stands at US$91.43, down 0.15%.

4. The Hang Seng is down -6.36%, and the FTSE 100 is up 0.64% today.

Top Gainers and Losers (AEDT 12:10 PM)

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