Mid-Market: S&P/ASX 200 Trading Higher; NWS Gained By More Than 5% On Higher Top Line

On 06 February 2025, at AEDT 12:30 PM, the benchmark index S&P/ASX 200 is trading higher today, gaining 72.90 points or 0.87%, and is currently trading at 8,489.80 levels. Out of 11, 10 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 1.62% and 1.38% in their index values. On the other hand, Energy sector is the only declining sector, declining 0.72% in its index value.

News Corporation (ASX: NWS) and Westgold Resources Limited (ASX: WGX) are the top-gaining stocks, gaining 5.468% and 4.132% in their stock prices. On the other hand, Pexa Group Limited (ASX: PXA) and Beach Energy Limited (ASX: BPT) are the top-losing stocks and are declining by 4.245% and 3.796% in their stock prices.

Factors influencing the market-

• The Australian share market climbed for a second day as the immediate threat of a US-triggered trade war subsided with President Donald Trump’s pivot to his vision for the Middle East.
• News Corporation’s shares gained following it reported higher revenues and income in the second quarter driven by record-high residential revenues from its real estate division.
• PEXA Group Limited dropped 3% after the property settlement exchange increased its impairment forecast to between $35 million and $40 million for the 2025 financial year.
• Oil prices fell more than 2% on Wednesday as a large build in U.S. crude and gasoline stockpiles signalled weaker demand, while worries about a new China-U.S. trade war fuelled fears of softer economic growth.
• The Dow has closed up by 0.71%, the S&P 500 closed up by 0.39%, and the NASDAQ ended higher by 0.19%.
• Hang Seng is down by 0.93%, and FTSE 100 is up by 0.61%.

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