Mid-Market: S&P/ASX 200 Trading Lower By 0.35%; Dragged Down By A-REIT And Energy Sectors

On 09 May 2023, at AEST 11:15 AM, the benchmark index S&P/ASX 200 is trading lower today, declining 25.70 points or 0.35%, and is currently trading at 7,250.80 levels. Out of 11 sectors, 9 sectors are trading lower along with the S&P/ASX 200.

The Information Technology and Materials sectors are the top 2 gaining sectors, gaining 0.16% and 0.05% in their index values. On the other hand, the A-REIT and Energy sectors were the top 2 losing sectors, declining 1.54% and 0.95% in their index values.

Imugene Limited (ASX: IMU) and Lake Resources N.L. (ASX: LKE) are the top-gaining stocks, gaining 4.347% and 2.884% in their stock prices. On the other hand, Coronado Global Resources Inc. (ASX: CRN) and Silver Lake Resources Limited (ASX: SLR) are the top-losing stocks and are declining by 4.431% and 3.830% in their stock prices.

Top 5 Gainers & Losers (As At AEST 11:15 AM)

Factors influencing the market-

• Commonwealth Bank’s share prices declined following the bank reported its third quarter results.
• Oil prices are declining today, trimming strong gains from the previous two sessions as markets remain cautious ahead of U.S. inflation data for April which will be important to the Federal Reserve's next interest rate decision.
• Dow has closed down by 0.17%, S&P 500 up by 0.05%, and NASDAQ ended higher by 0.18%.
• Hang Seng is up by 1.24%, and FTSE 100 is up by 0.98%.

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