Mid-Market: S&P/ASX 200 Trading Higher By 0.75%; Lifted By Materials

On 15 December 2023, at AEDT 11:15 AM, the benchmark index S&P/ASX 200 is trading higher today, gaining 103.90 points or 0.75%, and is currently trading at 7,436.40 levels. Out of 11 sectors, 06 sectors are trading higher along with the S&P/ASX 200.

Materials and Energy sectors are the top 2 gaining sectors, gaining 1.62% and 1.43% in their index values. On the other hand, the Information Technology and Telecommunication sectors are the top 2 losing sectors, declining 0.38% and 0.37% in their index values

Link Administrations Holdings Limited (ASX: LNK) and Chalice Mining Limited (ASX: CHN) are the top-gaining stocks, gaining 9.206% and 8.567% in their stock prices. On the other hand, Telix Pharmacy Limited (ASX: TLX) and Life 360 (ASX: 360) are the top-losing stocks and are declining by 3.630% and 2.411% in their stock prices.

Factors influencing the market-

• Genesis Minerals rises by 12.6% to $1.87 following an agreement to purchase Bruno-Lewis and Raeside gold projects from Kin Mining.
• Australia's consumer watchdog approves Woolworths' majority stake bid in PETstock, resulting in a 0.4% share increase to $36.59.
• Viva Energy climbs 3.8% to $3.25 as the ACCC supports its acquisition of Peregrine Corporation’s OTR Group, signaling no opposition to the move.
• US producer price gains slow in November, influenced by decreased energy costs, indicating a potential easing of inflation pressures.
• Dow closes up 0.43%, S&P 500 by 0.26%, and NASDAQ higher by 0.19%.
• Hang Seng experiences a -0.89% decline, while the FTSE 100 sees a 0.08% increase.

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