Mid-Market: S&P/ASX 200 Trading Higher; Led By Miners

On 22 April 2024, at AEST 11:00 AM, the benchmark index S&P/ASX 200 is trading higher today, gaining 86.30 points or 1.14%, and is currently trading at 7,653.60 levels. All 11 sectors are trading higher along with the gain in the S&P/ASX 200. The Healthcare and Information Technology sectors are the top 2 gaining sectors, gaining 1.63% and 1.40% in their index values.

South32 Limited (ASX: S32) and Iluka Resources Limited (ASX: ILU) are the top-gaining stocks, gaining 6.269% and 5.681% in their stock prices. On the other hand, Bellevue Gold Limited (ASX: BGL) and Karoon Energy Limited (ASX: KAR) are the top-losing stocks and are declining by 2.957% and 2.143% in their stock prices.

Factors influencing the market-

• The S&P/ASX 200 is gaining today as tensions between Israel and Iran appear to ease, leaving markets focused on crucial inflation data expected this week.
• Droneshield Limited’s shares fell sharply following strong demand for an equity raise over the weekend.
• Oil prices are declining after its first back-to-back weekly decline this year as traders weighed the potential next steps from Iran and Israel amid simmering tension in the Middle East.
• The Dow has closed up by 0.56%, the S&P 500 down by 0.88%, and the NASDAQ ended lower by 2.05%.
• Hang Seng is down by 0.99%, and FTSE 100 is up by 0.24%.

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