Mid-Market: S&P/ASX 200 Trading Higher; Led By Financials And Tech Sectors

On 12 March 2024, at AEDT 11:40 AM, the benchmark index S&P/ASX 200 is trading higher today, gaining 16.90 points or 0.22%, and is currently trading at 7,721.10 levels. Out of 11 sectors, 5 sectors are trading higher along with the gain in the S&P/ASX 200.

The Financials and Information Technology sectors are the top 2 gaining sectors, gaining 1.04% and 0.33% in their index values. On the other hand, Energy and Industrials sectors are the top 2 declining sectors, declining 0.58% and 0.33% in their index values.

Alumina Limited (ASX: AWC) and Bellevue Gold Limited (ASX: BGL) are the top-gaining stocks, gaining 8.297% and 7.903% in their stock prices. On the other hand, Champion Iron Limited (ASX: CIA) and Whitehaven Coal Limited (ASX: WHC) are the top-losing stocks and are declining by 4.336% and 2.983% in their stock prices.

Factors influencing the market-

• The S&P/ASX 200 is trading higher at the start of trading today, as banks led gains, tracking modest moves in New York ahead of the US February CPI report for clues on the Federal Reserve’s interest rate path.
• Metcash Limited’s shares rises following the company reported a 0.9% increase in total sales for the 10 months to late February, underpinned by higher trading in liquor and hardware products.
• Oil prices were little changed on Monday as concern eased that fighting in the Middle East would disrupt supply and Chinese data suggested weak demand, while an increase in US refining limited any selling.
• The Dow has closed up by 0.12%, the S&P 500 down by 0.11%, and the NASDAQ ended lower by 0.41%.
• Hang Seng is up by 1.43%, and FTSE 100 is up by 0.12%.

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