Mid-Market: S&P/ASX 200 Trading Higher By 0.24%; Mirroring US Market

On 14 June 2023, at AEST 10:52 AM, the benchmark index S&P/ASX 200 is trading higher today, gaining 17.10 points or 0.24%, and is currently trading at 7,156.00 levels. Out of 11 sectors, 9 sectors are trading higher along with the S&P/ASX 200.

The Materials and A-REIT sectors are the top 2 gaining sectors, gaining 2.20% and 1.22% in their index values. On the other hand, the Healthcare and Information Technology sectors are the top 2 losing sectors, declining 5.43% and 0.61% in their index values.

IGO Limited (ASX: IGO) and Liontown Resources Limited (ASX: LTR) are the top-gaining stocks, gaining 5.442% and 4.107% in their stock prices. On the other hand, CSL Limited (ASX: CSL) and Capricorn Metals Limited (ASX: CMM) are the top-losing stocks and are declining by 7.660% and 5.692% in their stock prices.

Factors influencing the market-

• The Australian share market is trading higher, buoyed by positive sentiment from the overnight release of US May CPI data that indicates the Federal Reserve is to hit a pause this month.
• The healthcare sector is declining by more than 5% today, dragged lower by losses in CSL Limited. CSL shares tumbled following it downgraded its FY23 statutory profit forecast due to FX damage.
• Dow has closed up by 0.43%, S&P 500 up by 0.69%, and NASDAQ ended higher by 0.83%.
• Hang Seng is up by 0.60%, and FTSE 100 is up by 0.32%.

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