Mid-Market: S&P/ASX 200 Trading Higher; Tech And Real Estate Stocks Declined On DeepSeek Fears

On 28 January 2025, at AEDT 12:30 PM, the benchmark index S&P/ASX 200 is trading higher today, gaining 16.80 points or 0.20%, and is currently trading at 8,425.70 levels. Out of 11, 6 sectors are trading higher along with the gain in the S&P/ASX 200.

The Consumer Discretionary and Telecommunication Services sectors are the top 2 gaining sectors, gaining 0.85% and 0.79% in their index values. On the other hand, A-REIT and Energy sectors are the top 2 declining sectors, declining 1.88% and 1.34% in their index values.

Sigma Healthcare Limited (ASX: SIG) and Dexus (ASX: DXS) are the top-gaining stocks, gaining 7.777% and 5.162% in their stock prices. On the other hand, Deep Yellow Limited (ASX: DYL) and Paladin Energy Limited (ASX: PDN) are the top-losing stocks and are declining by 15.464% and 11.556% in their stock prices.

Factors influencing the market-

• Sigma Healthcare is trading higher following its merger partner Chemist Warehouse reported record sales in the six months to the end of December.
• Nuix Limited’s shares crashed 14% after the company announced that it would post a fall in its underlying earnings in the half-year to December, owing to project delays and the company taking on more complex contracts.
• Australian tech stocks have been hit by an overnight sell-off in US artificial intelligence giants as investor concerns swell that new, cheaper AI out of China could hit the bottom line of companies such as chipmaker Nvidia.
• Oil prices fell about 2% to a two-week low on Monday as news of surging interest in Chinese startup DeepSeek's low-cost artificial intelligence (AI) model prompted concerns over energy demand to power data centres.
• The Dow has closed up by 0.65%, the S&P 500 closed down by 1.46%, and the NASDAQ ended lower by 3.07%.
• Hang Seng is up by 0.66%, and FTSE 100 is up by 0.02%.

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