Mid-Market: S&P/ASX 200 Trading Higher By 0.69%; Buoyed By Utilities And Materials Sectors

On 07 February 2024, at AEDT 11:30 AM, the benchmark index S&P/ASX 200 is trading higher today, gaining 52.20 points or 0.69%, and is currently trading at 7,633.20 levels. Out of 11 sectors, 9 sectors are trading higher along with the gain in the S&P/ASX 200.

The Utilities and Materials sectors are the top 2 gaining sectors, gaining 1.71% and 1.41% in their index values. On the other hand, Consumer Discretionary and Telecommunication Services sector were the top 2 declining sectors, declining 0.45% and 0.21% in their index values.

Core Lithium Limited (ASX: CXO) and Alumina Limited (ASX: AWC) are the top-gaining stocks, gaining 5.555% and 5.450% in their stock prices. On the other hand, CSR Limited (ASX: CSR) and Eagers Automotive Limited (ASX: APE) are the top-losing stocks and are declining by 4.240% and 3.035% in their stock prices.

Factors influencing the market-

• Australian shares are rising today after shares were mixed in New York as traders and investors parsed more earnings reports and the latest policymaker comments.
• Cettire Limited’s shares are rallying today after the company revealing an 89% boost in sales in the 1HFY24.
• BWP Trust is trading higher after committing to a 9.02¢ dividend in its latest half-year report. The company is considering a merger with Newmark Property REIT.
• Oil edged higher in range-bound trading as investors weighed shifting risks in the Middle East against hawkish comments from the Federal Reserve.  
• The Dow has closed up by 0.37%, the S&P 500 up by 0.23%, and the NASDAQ ended higher by 0.07%.
• Hang Seng is up by 4.04%, and FTSE 100 is up by 0.90%

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com