Mid-Market: S&P/ASX 200 Trading Higher By 0.49%; Gained By Consumer Discretionary Sectors

On 09 November 2023, at AEDT 12:00 PM, the benchmark index S&P/ASX 200 is trading higher today, gaining 34.20 points or 0.49%, and is currently trading at 7,029.20 levels. Out of 11 sectors, 8 sectors are trading higher along with the S&P/ASX 200.

The Consumer Discretionary and Healthcare sectors are the top 2 gaining sectors, gaining 0.92% and 0.90% in their index values. On the other hand, the Information Technology and Energy sectors are the top 2 losing sectors, declining 2.79% and 0.90% in their index values.

Sayona Mining Limited (ASX: SYA) and Neuren Pharmaceuticals Limited (ASX: NEU) are the top-gaining stocks, gaining 4.597% and 3.020% in their stock prices. On the other hand, Xero Limited (ASX: XRO) and Healius Limited (ASX: HLS) are the top-losing stocks and are declining by 9.336% and 5.051% in their stock prices.

Factors influencing the market-

• The Australian shares are extending gains, shrugging off a volatile session on Wall Street on concerns about the global economy and interest rates.
• National Australia Bank reversed early losses cent after it lifted cash profit by 8.8% to $7.7 billion for the FY23 and boosting its final dividend to 84¢ a share.
• Orica Limited’s gained after a five-fold increase in net profits to $296 million for fiscal 2023. It also declared a 23% increase in total dividends to 43¢.
• The Dow has closed down by 0.12%, the S&P 500 up by 0.10%, and the NASDAQ ended higher by 0.08%.
• Hang Seng is down by 0.58%, and FTSE 100 is down by 0.11%.

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