Mid-Market: S&P/ASX 200 Trading Flat; Ahead Of RBA Minutes Of Meeting

On 02 July 2024, at AEST 11:00 AM, the benchmark index S&P/ASX 200 is trading flat today, and is currently trading at 7,750.20 levels. Out of 11 sectors, 2 sectors are trading higher and 9 sectors are trading lower.

The Consumer Discretionary and Materials sectors are the top 2 gaining sectors, gaining 0.15% and 0.10% in their index values. On the other hand, Industrials and Financials sectors are the top 2 declining sectors, declining 0.13% and 0.04% in their index values.

Coronado Global Resources Inc. (ASX: CRN) and Lendlease Group Limited (ASX: LLC) are the top-gaining stocks, gaining 3.488% and 1.776% in their stock prices. On the other hand, Deep Yellow Metals Limited (ASX: DYL) and Nanosonics Limited (ASX: NAN) are the top-losing stocks and are declining by 3.384% and 2.788% in their stock prices.

Factors influencing the market-

• Australian shares are trading flat despite modest overnight gains in the US and Europe and ahead of the latest minutes from the Reserve Bank of Australia.
• Bendigo and Adelaide Bank slipped 0.7 per cent to $11.33 after CEO Marnie Baker announced she’s stepping down after 35 years with the bank.
• Superloop Limited’s shares are rising after it announced that it is expecting to hit the top end of its full-year earnings guidance. Underlying earnings for FY24 are expected to near or surpass its $53 million top-end forecast.
• Oil climbed to the highest in more than two months as traders took stock of mounting geopolitical risks in Europe and the Middle East as well as a hurricane in the Caribbean.
• The Dow has closed up by 0.13%, the S&P 500 closed up by 0.27%, and the NASDAQ ended higher by 0.81%.
• Hang Seng is up 0.01%, and FTSE 100 is up by 0.03%.

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