Mid-Market: S&P/ASX 200 Sharply Lower By 0.61%; All 11 Sectors Are In Red Zone

On 01 December 2023, at AEDT 12:20 PM, the benchmark index S&P/ASX 200 is trading lower today, declining 43.00 points or 0.61%, and is currently trading at 7,044.20 levels. All 11 sectors are trading lower along with the S&P/ASX 200. The Information Technology and Consumer Discretionary sectors are the top 2 losing sectors, declining 1.25% and 0.89% in their index values.

Paladin Energy Limited (ASX: PDN) and Iress Limited (ASX: HLS) are the top-gaining stocks, gaining 5.641% and 4.551% in their stock prices. On the other hand, Chalice Mining Limited (ASX: CHN) and Sayona Mining Limited (ASX: SYA) are the top-losing stocks and are declining by 7.420% and 5.303% in their stock prices.

Factors influencing the market-

• Premier Investments’ shares are gaining and amongst the best performing stocks, after the retailer said it anticipated earnings before tax in its first half to come in around AU$200 million, higher than expected by most analysts.
• Coles Group Limited’s share price is rising the Australia’s consumer watchdog waved through plans by the supermarket owner to purchase milk facilities from Saputo.
• Oil prices plunged as a highly-estimated OPEC+ meeting drew to an underwhelming close, with market participants disappointed by smaller-than-expected cuts and hazy details surrounding quota enforcement.
• The Dow has closed up by 1.47%, the S&P 500 up by 0.38%, and the NASDAQ ended lower by 0.23%.
• Hang Seng is up by 0.29%, and FTSE 100 is up by 0.41%

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