Mid-Market: S&P/ASX 200 Trading Higher; CPI Inflation Lowers

On 29 January 2025, at AEDT 12:30 PM, the benchmark index S&P/ASX 200 is trading higher today, gaining 64.50 points or 0.77%, and is currently trading at 8,463.60 levels. Out of 11, 10 sectors are trading higher along with the gain in the S&P/ASX 200.

The Information Technology and Energy sectors are the top 2 gaining sectors, gaining 2.55% and 1.39% in their index values. On the other hand, Materials sector is the only declining sector, declining 0.17% in its index value.

Boss Energy Limited (ASX: BOE) and Bellevue Gold Limited (ASX: BGL) are the top-gaining stocks, gaining 12.676% and 9.049% in their stock prices. On the other hand, Premier Investments Limited (ASX: PMV) and Alcoa Corporation (ASX: AAI) are the top-losing stocks and are declining by 21.632% and 2.038% in their stock prices.

Factors influencing the market-

• Australian share market is trading sharply higher following the pace of inflation in the December quarter slowed at a faster clip than expected, reinforcing expectations of an interest rate cut in February.
• Boss Energy Limited’s shares posted the biggest gains today after the company said it remained on track to meet production guidance this financial year and posted a 96% increase in ion exchange plant production.
• The Star Entertainment Group’s shares are rising after the company is selling several Sydney assets, including its Star Sydney Event Centre, for $60 million to Foundation Theatres, as the company works to avert collapse.
• Oil steadied after the biggest gain in almost two weeks as traders weighed the potential market fallout from President Donald Trump’s plan for tariffs on imports from major US crude supplier Canada and other countries, as well as the outlook for stockpiles.
• The Dow has closed up by 0.31%, the S&P 500 closed up by 0.92%, and the NASDAQ ended higher by 2.03%.
• Hang Seng is up by 0.14%, and FTSE 100 is up by 0.35%.

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