Mid-Market: S&P/ASX 200 Trading Higher; Buoyed By Materials And Energy Sectors

On 09 April 2024, at AEST 11:00 AM, the benchmark index S&P/ASX 200 is trading higher today, gaining 31.80 points or 0.41%, and is currently trading at 7,820.90 levels. Out of 11 sectors, 6 sectors are trading higher along with the gain in the S&P/ASX 200.

The Materials and Energy sectors are the top 2 gaining sectors, gaining 1.77% and 0.45% in their index values. On the other hand, Healthcare and Telecommunication Services sectors are the top 2 declining sectors, declining 0.62% and 0.56% in their index values.

Elders Limited (ASX: ELD) and Ansell Limited (ASX: ANN) are the top-gaining stocks, gaining 9.421% and 7.534% in their stock prices. On the other hand, Audinate Group Limited (ASX: AD8) and Pexa Group Limited (ASX: PXA) are the top-losing stocks and are declining by 2.944% and 2.592% in their stock prices.

Factors influencing the market-

• The S&P/ASX 200 is trading higher today, buoyed by strong gains in Rio and BHP as investors awaited US inflation data due this week for signals on the Federal Reserve’s monetary policy.
• Ansell Limited’s shares gained after its AU$400 million underwritten placement at $22.45 a share to finance the purchase of a unit of US giant Kimberly-Clark Corporation.
• Oil prices declined in the previous session, ending a multi-session rally after Israel reduced its troops in southern Gaza and began a fresh round of ceasefire talks with Hamas.
• Iron ore futures prices climbed on Monday to their highest in nearly two weeks, lifted by optimisms of potential measures to strengthen the feeble steel industry in top consumer China and expectations of a wave of post-holiday restocking from the country’s steelmakers.
• The Dow has closed down by 0.03%, the S&P 500 down by 0.04%, and the NASDAQ ended higher by 0.03%.
• Hang Seng is up by 0.05%, and FTSE 100 is up by 0.41%.

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