Mid-Market: S&P/ASX 200 Trading Higher By 0.18%; Buoyed By Tech Stocks

On 13 June 2023, at AEST 10:55 AM, the benchmark index S&P/ASX 200 is trading lower today, declining 13.00 points or 0.18%, and is currently trading at 7,109.50 levels. Out of 11 sectors, 9 sectors are trading higher along with the S&P/ASX 200.

The Information Technology and Telecommunication services sectors are the top 2 gaining sectors, gaining 1.53% and 0.64% in their index values. On the other hand, the Energy and Materials sectors are the top 2 losing sectors, declining 1.87% and 1.13% in their index values.

Paladian Energy Limited (ASX: PDN) and Healius Limited (ASX: HLS) are the top-gaining stocks, gaining 6.474% and 2.547% in their stock prices. On the other hand, Domino’s Pizza Enterprises Limited (ASX: DMP) and The Champion Iron Limited (ASX: CIA) are the top-losing stocks and are declining by 8.950% and 4.913% in their stock prices.

Factors influencing the market-

• Domino’s Pizza declining today after the company said it was expecting financial year 2023 sales to be below expectations.
• Today, energy stocks are falling after US oil was poised to fall below US$67 a barrel and Brent crude slid below US$72 a barrel as investors responded to a decision by Goldman Sachs to reduce its price forecast.
• Dow has closed up by 0.56%, S&P 500 up by 0.93%, and NASDAQ ended higher by 1.53%.
• Hang Seng is up by 0.07%, and FTSE 100 is up by 0.11%.

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