Mid-Market: S&P/ASX 200 Trading Higher By 0.25%; Information Technology Sector Tumbled By 4.0%

On 23 August 2023, at AEST 11:05 AM, the benchmark index S&P/ASX 200 is trading higher today, gaining 17.80 points or 0.25%, and is currently trading at 7,139.40 levels. Out of 11 sectors, 6 sectors are trading lower despite the gain in the S&P/ASX 200.

The Information Technology and Energy sectors are the top 2 gaining sectors, gaining 4.88% and 0.75% in their index values. On the other hand, the A-REIT and Consumer Staples sectors are the top 2 losing sectors, declining 1.05% and 1.02% in their index values.

IDP Education Limited (ASX: IEL) and Imugene Limited (ASX: IMU) are the top-gaining stocks, gaining 9.489% and 7.246% in their stock prices. On the other hand, Wisetech Global Limited (ASX: WTC) and Iluka Resources Limited (ASX: ILU) are the top-losing stocks and are declining by 13.743% and 7.779% in their stock prices.

Factors influencing the market-

•  Santos Limited’s share price slipped following posting a 32% slump in first-half profit due to softer production and lower oil and LNG prices.
• The tech sector led losses with a 4% drop. Consumer staples were the biggest outperformer, thanks to a 2.9% gain in Woolworth shares. The supermarket chain posted a 4.6% gain in annual profits to $1.62 billion.
• Pepper Money’s share price plunged after slicing its interim dividend by a third and a big drop in profit.
• Dow has closed down by 0.51%, S&P 500 down by 0.28%, and NASDAQ ended higher by 0.06%.
• Hang Seng is up by 0.95%, and FTSE 100 is up by 0.18%.

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