Mid-Market: S&P/ASX 200 Marginally Higher By 0.05%; Buoyed By Healthcare And Financials Stocks

On 05 January 2023, at AEDT 11:30 AM, the benchmark index S&P/ASX 200 is trading higher today, gaining 3.40 points or 0.05%, and is currently trading at 7,497.50 levels. Out of 11 sectors, 5 sectors are trading lower along with the S&P/ASX 200.

The Healthcare and Financials sectors are the top 2 gaining sectors, gaining 0.47% and 0.44% in their index values. On the other hand, Consumer Discretionary and Information Technology sectors are the top 2 gaining sectors, gaining 0.57% and 0.31% in their index values.

Magellan Financials Limited (ASX: MFG) and Paladin Energy Ltd (ASX: PDN) are the top-gaining stocks, gaining 5.437% and 2.955% in their stock prices. On the other hand, Core Lithium Ltd (ASX: CXO) and Sims Limited (ASX: SGM) are the top-losing stocks and are declining by 9.616% and 3.908% in their stock prices.

Factors influencing the market-

• Australian shares are trading higher after two days of declines, shrugging off a weak lead from Wall Street, ahead of key US jobs data expected later tonight.
• Core Lithium Limited’s shares are the worst performing on the benchmark, after the company has paused mining from its Northern Territory mine, as the falling price of the battery metal continues to put pressure on the sector.
• Online wagering company BlueBet has jumped more than 25% at the start of trading amid reports the company is in talks to merge with fellow bookmaker BetR.
• Oil prices fell overnight as increasing gasoline stockpiles in the US signaled a shaky picture for demand, undercutting the effect of output disruptions in Libya.
• The Dow has closed up by 0.03%, the S&P 500 down by 0.34%, and the NASDAQ ended lower by 0.56%.
• Hang Seng is down by 0.00%, and FTSE 100 is up by 0.53%

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