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

Sep 24, 2024

On 24 September 2024, at AEST 11:00 AM, the benchmark index S&P/ASX 200 is trading flat today, gaining 0.70 points or 0.01%, and is currently trading at 8,153.60 levels. Out of 11, 8 sectors are trading higher along with the gain in the S&P/ASX 200.

The Energy and A-REIT sectors are the top 2 gaining sectors, gaining 0.80% and 0.55% in their index values. On the other hand, Consumer Staples and Healthcare sectors are the top 2 declining sectors, declining 1.23% and 0.11% in their index values.

Boss Energy Ltd (ASX: BOE) and Paladin Energy Limited (ASX: PDN) are the top-gaining stocks, gaining 6.890% and 6.097% in their stock prices. On the other hand, Bellevue Gold Limited (ASX: BGL) and Atlas Arteria (ASX: ALX) are the top-losing stocks and are declining by 9.566% and 2.566% in their stock prices.

Factors influencing the market-

  • Australian shares opened modestly higher to track a positive finish in New York as investors waded through comments from several US policymakers on the interest rate outlook.
  • Gold prices gained and reset its record high, the precious metal has risen more than 27% so far this year. Copper advanced on renewed expectations that China is edging closer to bolstering its economy. 
  • Oil prices edged higher after Israel launched airstrikes on Lebanon that killed nearly 500 people and raised fears of a full-blown war in the Middle East.
  • The Dow has closed up by 0.15%, the S&P 500 closed up by 0.28%, and the NASDAQ ended higher by 0.14%.
  • Hang Seng is up by 1.37%, and FTSE 100 is down by 0.68%.

 

 

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