Mid-Market: S&P/ASX 200 Trading Lower By 0.20%; Dragged Down By Energy And A-REIT Sectors

On 18 July 2023, at AEST 11:15 AM, the benchmark index S&P/ASX 200 is trading lower today, declining 14.70 points or 0.20%, and is currently trading at 7,283.10 levels. Out of 11 sectors, 8 sectors are trading lower along with the S&P/ASX 200.

The Financial and Information Technology sectors are the top 2 gaining sectors, gaining 0.72% and 0.53% in their index values. On the other hand, the Energy and A-REIT sectors are the top 2 losing sectors, declining 1.05% and 0.98% in their index values.

Block Inc. (ASX: SQ2) and Megaport Limited (ASX: MP1) are the top-gaining stocks, gaining 3.348% and 2.860% in their stock prices. On the other hand, Ansell Limited (ASX: ANN) and Syrah Resources Limited (ASX: SYR) are the top-losing stocks and are declining by 14.116% and 7.304% in their stock prices.

Factors influencing the market-

• Ansell Limited’s share price is declining following it warned about rising investments cost and job cuts in its manufacturing division.
• Gold prices kept to a tight range today, but seemed to have established a new support level amid persistent weakness in the dollar, while copper nursed sharp losses on worries over major importer China.
• Dow has closed up by 0.22%, S&P 500 up by 0.39%, and NASDAQ ended higher by 0.93%.
• Hang Seng is flat today, and FTSE 100 is down by 0.38%.

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