Mid-Market: S&P/ASX 200 Trading Higher By 0.20%; Lifted by Information Technology

On 13 December 2023, at AEDT 11:10 AM, the benchmark index S&P/ASX 200 is trading higher today, gaining 14.80 points or 0.20%, and is currently trading at 7,250.10 levels. Out of 11 sectors, 07 sectors are trading higher along with the S&P/ASX 200.

The Information Technology and Financial sectors are the top 2 gaining sectors, gaining 0.70% and 0.60% in their index values. On the other hand, the Energy and Utilities sectors are the top 2 losing sectors, declining 0.79% and 0.25% in their index values.

Polynovo Limited (ASX: PNV) and Nuren Pharmacy Limited (ASX: NUE) are the top-gaining stocks, gaining 3.754% and 2.754% in their stock prices. On the other hand, Weebit Nano Limited (ASX: WBT) and IDP Education Limited (ASX: IEL) are the top-losing stocks and are declining by 4.510% and 4.326% in their stock prices.

Factors influencing the market-

• HMC Capital, with a significant stake in Sigma, rose 16¢ to AU$5.58 at the opening.
• Air New Zealand experienced a 1% drop following a guidance downgrade attributed to weak demand.
• Gold miner Newmont saw a 2.1% decline as the price of gold fell below AU$2000 to AU$1197 per ounce.
• Woodside, an oil producer, dropped 0.9% due to concerns about weak oil prices impacting investor sentiment.

• Dow closed up by 0.48%, S&P 500 by 0.46%, and NASDAQ higher by 0.70%.
• The Hang Seng increased by 1.07% and the FTSE 100 is down -0.03% today.

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