Mid-Market: S&P/ASX 200 Marginally Higher By 0.11%; Gold Miners Are Gaining Today

On 30 May 2023, at AEST 11:20 AM, the benchmark index S&P/ASX 200 is trading higher today, gaining 7.90 points or 0.11%, and is currently trading at 7,225.80 levels. Out of 11 sectors, 6 sectors are trading higher along with the S&P/ASX 200.

The Consumer Discretionary and Utilities sectors are the top 2 gaining sectors, gaining 0.36% and 0.35% in their index values. On the other hand, the A-REIT and Energy sectors are the top 2 losing sectors, declining 0.59% and 0.52% in their index values.

Nickel Industries Limited (ASX: NIC) and Bapcor Limited (ASX: BAP) are the top-gaining stocks, gaining 4.579% and 2.768% in their stock prices. On the other hand, Paladin Energy Limited (ASX: PDN) and Sayona Mining Limited (ASX: SYA) are the top-losing stocks and are declining by 14.286% and 13.096% in their stock prices.

Factors influencing the market-

• Gold miners are gaining today, as Silver Lake Resources shares rose 2.5%, Regis Resources added 1.4%, and Gold Road Resources increased 1.8%.
• Gold prices are falling marginally, sticking to more than two-month lows amid optimism over a debt ceiling deal and as anticipations of more interest rate hikes by the Federal Reserve spurred flows into the dollar.
• US markets were closed for Memorial Day.
• Hang Seng is down by 1.04%, and FTSE 100 is up by 0.74%.

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