Mid-Market: S&P/ASX 200 Trading Lower By 0.06%; Uranium Miners Declined Heavily

On 09 February 2024, at AEDT 11:50 AM, the benchmark index S&P/ASX 200 is trading lower today, declining 4.70 points or 0.06%, and is currently trading at 7,634.50 levels. Out of 11 sectors, 5 sectors are trading lower along with the S&P/ASX 200.

The A-REIT and Healthcare sectors are the top 2 gaining sectors, gaining 0.54% and 0.31% in their index values. On the other hand, Energy and Industrials sectors were the top 2 declining sectors, declining 0.92% and 0.24% in their index values.

Boral Limited (ASX: BLD) and Liontown Resources Limited (ASX: LTR) are the top-gaining stocks, gaining 9.057% and 4.703% in their stock prices. On the other hand, Boss Energy Ltd (ASX: BOE) and Paladin Energy Limited (ASX: PDN) are the top-losing stocks and are declining by 12.688% and 8.422% in their stock prices.

Factors influencing the market-

• Boral Limited’s shares are rallying today following the company upgraded its earnings guidance in a result it attributed to solid volumes for its building materials business and pushing price rises through to customers at the same time as managing costs.
• Cochlear Limited’ shares hit a record high of $312 after the hearing aid maker upgraded its profit guidance for FY24.
• Oil prices gained more than 3% on concerns of a broadening conflict in the Middle East after Israel rejected a ceasefire offer from Hamas.
• The Dow has closed up by 0.13%, the S&P 500 up by 0.06%, and the NASDAQ ended higher by 0.24%.
• Hang Seng is down by 1.27%, and FTSE 100 is down by 0.44%

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