Mid-Market: S&P/ASX 200 Trading Lower By 0.30%; Investors Continuing To Worry About Russias Instability

On 26 June 2023, at AEST 11:05 AM, the benchmark index S&P/ASX 200 is trading lower today, declining 21.40 points or 0.30%, and is currently trading at 7,077.80 levels. Out of 11 sectors, 8 sectors are trading lower along with the S&P/ASX 200.

The A-REIT and Consumer Staples sectors are the top 2 gaining sectors, gaining 0.30% and 0.11% in their index values. On the other hand, the Materials and Information Technology sectors are the top 2 losing sectors, declining 0.85% and 0.75% in their index values.

Metcash Limited (ASX: MTS) and Capricorn Metals Limited (ASX: CMM) are the top-gaining stocks, gaining 5.431% and 4.938% in their stock prices. On the other hand, Syrah Resources Limited (ASX: SYR) and Sayona Mining Limited (ASX: SYA) are the top-losing stocks and are declining by 4.465% and 4.167% in their stock prices.

Factors influencing the market-

• The Australian share market is declining today following investors continue to worried about the instability in Russia.
• Metcash Limited’s shares are sky rocketing after the company delivered record annual sales and earnings.
• Oil gained in early trade on today as an abortive weekend mutiny by Russian mercenaries raised up concerns about crude supply, though other financial markets started steadily with investors unsure of any further immediate implications.
• Dow has closed down by 0.65%, S&P 500 down by 0.77%, and NASDAQ ended lower by 1.01%.
• Hang Seng is down by 1.71%, and FTSE 100 is down by 0.54%.

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