Mid-Market: S&P/ASX 200 Trading Higher By 0.23%; Gained By IT And Financials Sectors

On 29 June 2023, at AEST 11:05 AM, the benchmark index S&P/ASX 200 is trading higher today, gaining 16.40 points or 0.23%, and is currently trading at 7,212.60 levels. Out of 11 sectors, 7 sectors are trading higher along with the S&P/ASX 200.

The Information Technology and Financials sectors are the top 2 gaining sectors, gaining 2.10% and 0.78% in their index values. On the other hand, the Utilities and Materials sectors are the top 2 losing sectors, declining 1.05% and 0.47% in their index values.

Paladin Energy Limited (ASX: PDN) and Domain Holdings Australia Limited (ASX: DHG) are the top-gaining stocks, gaining 6.471% and 4.968% in their stock prices. On the other hand, Life360 Inc. (ASX: 360) and APA Group (ASX: APA) are the top-losing stocks and are declining by 4.706% and 2.553% in their stock prices.

Factors influencing the market-

• S&P/ASX 200 is marginally higher after shares were mixed in a narrow range in New York; techs continue to strengthen the NASDAQ. 
• Gold prices traded at three-month lows today, coming under pressure from renewed strength in the dollar and Treasury yields after Federal Reserve Chair Jerome Powell said more interest rate hikes were likely.
• Dow has closed down by 0.22%, S&P 500 down by 0.04%, and NASDAQ ended higher by 0.27%.
• Hang Seng is up by 0.12%, and FTSE 100 is up by 0.52%.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com