Mid-Market: S&P/ASX 200 Trading Higher By 0.28%; Consumer Staples Sector Is Leading Today

On 27 October 2023, at AEST 11:45 AM, the benchmark index S&P/ASX 200 is trading higher today, gaining 19.40 points or 0.28%, and is currently trading at 6,831.70 levels. Out of 11 sectors, 6 sectors are trading higher along with the S&P/ASX 200.

The Consumer Staples and Utilities sectors are the top 2 gaining sectors, gaining 1.48% and 0.45% in their index values. On the other hand, the Healthcare and Consumer Discretionary sectors are the top 2 losing sectors, declining 0.33% and 0.33% in their index values.

Champion Iron Limited (ASX: CIA) and Chalice Mining Limited (ASX: CHN) are the top-gaining stocks, gaining 6.471% and 4.748% in their stock prices. On the other hand, Brambles Limited (ASX: BXB) and Paladin Energy Limited (ASX: PDN) are the top-losing stocks and are declining by 3.720% and 2.778% in their stock prices.

Factors influencing the market-

• Australian shares are trading higher today, shrugging off a late dip on Wall Street after the latest GDP report showed the US economy is still running hot.
• Harvey Norman’s share price tumbled after its profit hit 49.1% during the September quarter.
• Core Lithium Ltd’s share price is higher following the company disclosed price and production figures from the September quarter.
• Weebit Nano is 2.9% higher to $3.93 after the company said it was on track to achieve first revenues in calendar year 2023.
• The Dow has closed down by 0.76%, the S&P 500 down by 1.18%, and the NASDAQ ended lower by 1.76%.
• Hang Seng is down by 0.24%, and FTSE 100 is down by 0.81%.

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