Mid-Market: S&P/ASX 200 Trading Higher By 0.59%; Led By Healthcare And Financials Sectors

On 23 January 2024, at AEDT 11:30 AM, the benchmark index S&P/ASX 200 is trading higher today, gaining 44.10 points or 0.59%, and is currently trading at 7,520.70 levels. Out of 11 sectors, 10 sectors are trading higher along with the S&P/ASX 200.

The Healthcare and Financials sectors are the top 2 gaining sectors, gaining 1.27% and 0.97% in their index values. On the other hand, Consumer Discretionary is the only declining sector, declining 0.08% in its index value.

Polynovo Limited (ASX: PNV) and Arcadium Lithium Ltd (ASX: LTM) are the top-gaining stocks, gaining 8.333% and 5.200% in their stock prices. On the other hand, IDP Education Limited (ASX: IEL) and Sayona Mining Limited (ASX: SYA) are the top-losing stocks and are declining by 9.339% and 4.762% in their stock prices.

Factors influencing the market-

• The S&P/ASX 200 rises and extended gains, tracking a modest rally on Wall Street that pushed the S&P 500 to a fresh high.
• Karoon Energy Limited’s shares declined after lowering its Brazil production guidance for 2024 to be in the range of 7.2 to 9 million barrels compared to the previous range of 8 to 10 million barrels.
• Coronado Global Resources rises after it ended the December quarter with higher run of mine coal production, up 3.3 per cent at 6.1Mt compared to the prior period.
• Judo Bank shares jumped more than 15% after posting a 24% jump in profit before tax of $67 million for the first half. The result was driven by continued above-system lending growth, strong net interest margins, and minimal write-offs.
• Oil prices rose about 2% in the previous session on concerns over global energy supplies following a Ukrainian drone strike on Russia's Novatek fuel terminal and as extreme cold weather continued to hamper U.S. crude production.
• The Dow has closed up by 0.36%, the S&P 500 up by 0.22%, and the NASDAQ ended higher by 0.32%.
• Hang Seng is down by 2.27%, and FTSE 100 is up by 0.35%

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