Mid-Market: S&P/ASX 200 Trading Higher By 0.05%; IRE Shares Climbs More Than 14%

On 30 November 2023, at AEDT 12:15 PM, the benchmark index S&P/ASX 200 is trading higher today, gaining 10.21 points or 0.05%, and is currently trading at 7,025.70 levels. Out of 11 sectors, 4 sectors are trading higher along with the S&P/ASX 200.

The Industrial and Consumer Staples sectors are the top 2 gaining sectors, gaining 0.73% and 0.51% in their index values. On the other hand, the A-REIT and Utilities sectors are the top 2 losing sectors, declining 1.54% and 1.45% in their index values.

Iress Limited (ASX: HLS) and Bluescope Steel Limited (ASX: BSL) are the top-gaining stocks, gaining 14.052% and 2.658% in their stock prices. On the other hand, Paladin Energy Limited (ASX: PDN) and Core Lithium Ltd (ASX: CXO) are the top-losing stocks and are declining by 5.224% and 4.311% in their stock prices.

Factors influencing the market-

• Australian shares are rising, in line with modest gains on Wall Street, as bond yields extended their slide on heightened anticipations that interest rate cuts are far closer than previously thought.
• Origin Energy Limited’s shares are falling after it rejected the ‘plan B’ proposal lobbed by its suitors, Canada’s Brookfield and its private equity partner EIG, as a last-ditch attempt to buy the ASX-listed electricity and gas giant.
• SkyCity Entertainment shares rallied following the High Court of New Zealand rule in favor of the company’s interpretation of a concession agreement with Macquarie over the termination of a 2019 deal to own and operate car parks at its flagship Auckland casino.
• Iress Limited’s shares surged after it upgraded its earnings guidance for FY23 to AU$123 million to AU$128 million from AU$118 million to AU$122 million.
• The Dow has closed up by 0.04%, the S&P 500 down by 0.09%, and the NASDAQ ended lower by 0.16%.
• Hang Seng is down by 2.08%, and FTSE 100 is down by 0.43%

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