Mid-Market: S&P/ASX 200 Gaining Higher; As Rate Worries Cools

On 27 May 2024, at AEST 11:00 AM, the benchmark index S&P/ASX 200 is trading higher today, gaining 80.50 points or 1.03%, and is currently trading at 7,767.10 levels. All 11 sectors are trading higher along with the gain in the S&P/ASX 200. The A-REIT and Information Technology are the top 2 gaining sectors, gaining 1.23% and 0.93% in their index values.

Lendlease Group (ASX: LLC) and HMC Capital Limited (ASX: HMC) are the top-gaining stocks, gaining 8.658% and 8.305% in their stock prices. On the other hand, Bluescope Steel Limited (ASX: BSL) and Audinate Group Limited (ASX: AD8) are the top-losing stocks and are declining by 2.811% and 1.528% in their stock prices.

Factors influencing the market-

• Australian shares are rising today, after Friday’s sell-off, amid strong gains from tech stocks in the United States and a tempering of global rate concerns.
• Lendlease is rallying today following the company announced that it will repurpose $4.5 billion in existing capital from overseas operations, after a push from shareholders to re-center the group’s strategy on its Australian operations.
• HMC Capital Limited’s shares are trading higher after the group has completed a $100 million capital raise aimed at launching a $5 billion push in private credit.
• The Dow has closed up by 0.01%, the S&P 500 closed up by 0.70%, and the NASDAQ ended higher by 1.10%.
• Hang Seng is down by 1.38%, and FTSE 100 is down by 0.26%.

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