Mid-Market: S&P/ASX 200 Rallying Today By 0.49%; Lifted by Energy

On 24 July 2023, at AEST 10:44 AM, the benchmark index S&P/ASX 200 is trading higher today, gaining 2.70 points or 0.04%, and is currently trading at 7,316.60 levels. Out of 11 sectors, 8 sectors are trading higher along with the S&P/ASX 200. The Energy and A-REIT sectors are the top 2 gaining sectors, gaining 0.70% and 0.53% in their index values.

Telix Pharmacy (ASX: TLX) and Whitehaven Coal Limited (ASX: WHC) are the top-gaining stocks, gaining 2.316% and 2.282% in their stock prices. On the other hand, Core Lithium Limited (ASX: CXO) and Lake Resources Limited (ASX: LKE) are the top-losing stocks and are declining by 10.920% and 5.883% in their stock prices.

Factors influencing the market-

• Core Lithium's stock dropped by 12.1% to 76.5¢ following the release of its quarterly activities report.
• Rio Tinto's shares slightly declined by 0.3% to $116.41 after entering a joint venture agreement with Giampaolo Group, a metal management business.
• Ryan Stokes, the chief executive of Seven Group, has been appointed as a non-executive director at Beach Energy.
• Pact Group has extended its current contract with Woolworths to own, operate, wash, and store a crate pool.
• The Dow closed with a 0.01% increase, the S&P 500 rose by 0.03%, and the NASDAQ ended the day lower with a 0.22% loss.
• As of today, the Hang Seng index has gained 0.78%, while the FTSE 100 index has risen by 0.23%.

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