Mid-Market: S&P/ASX 200 Trading Higher By 0.28%; Buoyed by Healthcare

On 19 June 2023, at AEST 10:52 AM, the benchmark index S&P/ASX 200 is trading higher today, gaining  20.20 points or 0.28%, and is currently trading at 7,271.40 levels. Out of 11 sectors, 9 sectors are trading higher along with the S&P/ASX 200.

The Healthcare and Consumer Staples sectors are the top-gaining sectors, gaining 1.10% and 1.78% in their index values. On the other hand, the Materials and Energy sectors were the top losing sectors, declining 0.55% and 0.31% in their index values.

Abacus Property Group (ASX: ABP) and The Star Entertainment Limited (ASX: SGR) are the top-gaining stocks, gaining 6.201% and 5.714% in their stock prices. On the other hand, Lake Resources N.L. (ASX: LKE) and Syrah Resources Limited (ASX: SYR) are the top-losing stocks and are declining by 13.158% and 4.121% in their stock prices.

Factors influencing the market-

• The healthcare sector saw a rise of over 1%, primarily driven by gains in CSL Healthcare. The share price of CSL increased by 1.5%, positioning it among the top-performing large-cap stocks.
• Despite downgrading its FY23 Bauna production guidance, Karoon Energy witnessed a 2.5% rise.
• Rex Airlines has initiated a trading halt as it awaits an announcement concerning its revised profit guidance.
• Austal, the shipbuilder, revealed that its United States division secured a $104 million contract with the US Navy. The contract entails constructing a Navajo class ship.
• The Dow experienced a decline of 0.32%, while the S&P 500 and NASDAQ both closed with declines of 0.37% and 0.68% respectively.
• The Hang Seng index observed a 1.07% increase, whereas the FTSE 100 index demonstrated a 0.19% increase today.

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