Mid-Market: S&P/ASX 200 Trading Higher; Led By Consumer Discretionary And A-REIT Sectors

On 13 March 2024, at AEDT 11:40 AM, the benchmark index S&P/ASX 200 is trading higher today, gaining 8.50 points or 0.11%, and is currently trading at 7,721.00 levels. Out of 11 sectors, 6 sectors are trading higher along with the gain in the S&P/ASX 200.

The Consumer Discretionary and A-REIT sectors are the top 2 gaining sectors, gaining 0.77% and 0.74% in their index values. On the other hand, Materials and Industrials sectors are the top 2 declining sectors, declining 0.56% and 0.47% in their index values.

Liontown Resources Limited (ASX: LTR) and Resmed Inc. (ASX: RMD) are the top-gaining stocks, gaining 10.240% and 2.401% in their stock prices. On the other hand, Core Lithium Ltd (ASX: CXO) and West African Resources Limited (ASX: WAF) are the top-losing stocks and are declining by 6.819% and 4.369% in their stock prices.

Factors influencing the market-

• The S&P/ASX 200 is trading higher today as gains among retail and healthcare stocks were offset by falls in the energy and resources sectors.
• Liontown Resources Limited’s shares gained by more than 10% after it said it had agreed a $550 million debt funding facility with banks including Commonwealth Bank and National Australia Bank.
• Oil prices dipped in the previous session, settling slightly lower after a higher-than-expected forecast for U.S. crude oil production and bearish economic data, but persistent geopolitical tensions limited declines.
• The Dow has closed up by 0.61%, the S&P 500 up by 1.12%, and the NASDAQ ended higher by 1.54%.
• Hang Seng is up by 3.05%, and FTSE 100 is up by 1.02%.

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