Mid-Market: S&P/ASX 200 Trading Higher By 0.62%; 10 Out Of 11 Sectors Are Trading In Green

On 30 January 2024, at AEDT 11:30 AM, the benchmark index S&P/ASX 200 is trading higher today, gaining 47.10 points or 0.62%, and is currently trading at 7,625.20 levels. Out of 11 sectors, 10 sectors are trading higher along with the gain in the S&P/ASX 200.

The Information Technology and Healthcare sectors are the top 2 gaining sectors, gaining 2.18% and 0.94% in their index values. On the other hand, Energy sector is the only declining sector, declining 0.27% in its index value.

Megaport Limited (ASX: MP1) and Nickel Industries Ltd (ASX: NIC) are the top-gaining stocks, gaining 25.357% and 17.916% in their stock prices. On the other hand, Netwealth Group Limited (ASX: NWL) and Perpetual Limited (ASX: PPT) are the top-losing stocks and are declining by 4.729% and 2.534% in their stock prices.

Factors influencing the market-

• The Australian share market inched closer to beating its record at the open, tracking a rally in New York that helped the S&P 500 reset its record high.
• Atlas Arteria gained today after the company says its toll revenue increased 5.9% in the December quarter following price increases and strong traffic performance at its most profitable toll road asset, the APPR motorway in France.
• Megaport Limited’s shares surged after it said revenue increased 5% to $48.6 million in its latest quarterly trading update. The company recorded $15.1 million of EBITA in the 2QFY24.
• Oil prices were steady as the market waited for a US response to the deadly attack on American troops in Jordan, which could risk an escalation of tensions in a region key to global crude production.
• The Dow has closed up by 0.59%, the S&P 500 up by 0.76%, and the NASDAQ ended higher by 1.12%.
• Hang Seng is up by 0.78%, and FTSE 100 is down by 0.03%.

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