Mid-Market: S&P/ASX 200 Trading Flat; Amid Rising Oil, Copper, Silver, And Gold Prices

On 28 May 2024, at AEST 11:00 AM, the benchmark index S&P/ASX 200 is trading flat today, currently trading at 7,785.50 levels. Out of 11 sectors, 6 sectors are trading higher and 5 sectors are trading lower.

The A-REIT and Materials sectors are the top 2 gaining sectors, gaining 0.31% and 0.28% in their index values. On the other hand, Consumer Discretionary and Utilities sectors are the top 2 declining sectors, declining 0.29% and 0.26% in their index values.

Strike Energy Limited (ASX: STK) and Domino’s Pizza Enterprises Limited (ASX: DMP) are the top-gaining stocks, gaining 2.620% and 2.163% in their stock prices. On the other hand, Boss Energy Limited (ASX: BOE) and Paladin Energy Limited (ASX: PDN) are the top-losing stocks and are declining by 8.053% and 2.351% in their stock prices.

Factors influencing the market-

• Australian shares are trading flat as rising oil, copper, silver, and gold prices pushed the energy and materials sectors higher.
• Playside Studios Limited’s shares are rising after it has lifted its guidance for EBITDA for FY24 to between $16 million and $18 million from prior guidance between $11 million and $13 million.
• Oil rebounded with the focus on an OPEC+ supply meeting on Sunday and US demand at the start of the summer driving season.
• Hang Seng is up by 1.17%, and FTSE 100 is down by 0.26%.

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