Mid-Market: S&P/ASX 200 Trading Higher By 0.26%; Lifted By Energy

On 11 December 2023, at AEDT 11:18 AM, the benchmark index S&P/ASX 200 is trading higher today, declining 18.60 points or 0.26%, and is currently trading at 7,213.50 levels. Out of 11 sectors, 7 sectors are trading higher along with the S&P/ASX 200.

The Energy and Industries sectors are the top 2 gaining sectors, gaining 0.84% and 0.51% in their index values. On the other hand, the Utilities and A-REIT sectors are the top 2 losing sectors, declining 0.79% and 0.30% in their index values.

Allkem Limited (ASX: AKE) and Credit Corp Group Limited (ASX: CCP) are the top-gaining stocks, gaining 3.821% and 3.249% in their stock prices. On the other hand, The Star Entertainment Limited (ASX: SGR) and West African Resources Limited (ASX: WAF) are the top-losing stocks and are declining by 4.808% and 4.055% in their stock prices.

Factors influencing the market-

• Platinum Asset Management has named Jeff Peters as the new Chief Executive, resulting in a 1.6% drop in shares to AU$1.27.
• Dexus has promoted Ross Du Vernet, the Chief Investment Officer, to the position of CEO, leading to a 0.9% increase in shares to AU$7.35.
• Bubs Australia experienced a 4% surge to 13¢ following its projection of doubling US revenue to AU$48 million in the 2024 financial year.
• Key economic indicators, including a 199,000 job increase, a drop in the jobless rate to 3.7%, and a 0.4% monthly wage rise, provided limited clarity on the outlook.
• The Dow has closed up by 0.36%, the S&P 500 up by 0.41%, and the NASDAQ ended higher by 0.45%.
• The Hang Seng is down by -0.07%, while the FTSE 100 is up by 0.54% today.

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