Mid-Market: S&P/ASX 200 Trading Higher; Awaiting FED Reserves Rate Decision

On 18 September 2024, at AEST 11:00 AM, the benchmark index S&P/ASX 200 is trading higher today, gaining 10.20 points or 0.13%, and is currently trading at 8,151.10 levels. Out of 11, 3 sectors are trading higher along with the gain in the S&P/ASX 200.

The Utilities and Energy sectors are the top 2 gaining sectors, gaining 0.81% and 0.33% in their index values. On the other hand, Consumer Discretionary and Information Technology sectors are the top 2 declining sectors, declining 0.75% and 0.72% in their index values.

Arcadium Lithium Ltd (ASX: LTM) and Liontown Resources Limited (ASX: LTR) are the top-gaining stocks, gaining 3.361% and 2.314% in their stock prices. On the other hand, HMC Capital Limited (ASX: HMC) and Sigma Healthcare Limited (ASX: SIG) are the top-losing stocks and are declining by 2.854% and 2.113% in their stock prices.

Factors influencing the market-

• S&P/ASX 200 opened with cautious in line with a subdued session on Wall Street, as investors awaited the US Federal Reserve’s early Thursday policy decision, while oil prices rose on renewed concerns in the Middle East.
• Woodside Energy Limited’s shares are rising after it has inked a 10-year contract for the sale of LNG to Japan’s JERA, in a move that follows up the giant gas importer’s commitment in February to take a slice of the Scarborough project in Western Australia.
• Oil prices rose by a dollar a barrel on Tuesday as supply disruptions mounted and traders bet that demand will grow if the U.S. Federal Reserve lowers borrowing costs this week, as is widely expected.
• The Dow has closed down by 0.04%, the S&P 500 closed up by 0.03%, and the NASDAQ ended higher by 0.20%.
• Hang Seng is up by 1.37%, and FTSE 100 is up by 0.38%.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com