Mid-Market: S&P/ASX 200 Trading Higher By 0.04%; Lifted by Information Technology

On 27 November 2023, at AEDT 11:30 AM, the benchmark index S&P/ASX 200 is trading higher today, gaining 2.60 points or 0.4%, and is currently trading at 7,043.40 levels. Out of 11 sectors, 06 sectors are trading higher along with the S&P/ASX 200.

Information Technology and Industries sectors are the top 2 gaining sectors, gaining 0.77% and 0.38% in their index values. On the other hand, the Materials and Consumer Staples sector was the top losing sector, declining 0.27% and 0.25% in their index values.

Healius Limited (ASX: HLS) and Weebit Nano Limited (ASX: WBT) are the top-gaining stocks, gaining 7.692% and 2.279% in their stock prices. On the other hand, Sayonna Mining Limited (ASX: SYA) and Megaport Limited (ASX: MP1) are the top-losing stocks and are declining by 2.778% and 1.950% in their stock prices.

Factors influencing the market-

• QBE experienced a 1.2% surge as the general insurer anticipates a 10% growth in gross written premiums for the fiscal year 2023.
• Healius saw a 6.5% rise following the announcement that chairwoman Jenny Macdonald won't seek re-election at the company's 2023 annual general meeting.
• Gold producer Perseus gained 1.2% after acquiring a 15% stake in listed miner OreCorp.
• Local investors are focused on the Wednesday release of the monthly CPI print and Thursday's OPEC+ meeting discussing production cuts for 2024.
• The Dow closed with a 0.33% gain, the S&P 500 with a 0.06% increase, and the NASDAQ lower by 0.11%.
• Internationally, the Hang Seng is down by -1.96%, while the FTSE 100 is up by 0.06%.

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