Mid-Market: S&P/ASX 200 Trading Lower By 0.58%; All 11 Sectors Are Trading In Green

On 20 July 2023, at AEST 11:25 AM, the benchmark index S&P/ASX 200 is trading higher today, gaining 42.20 points or 0.58%, and is currently trading at 7,366.10 levels. All 11 sectors are trading higher along with the S&P/ASX 200. The A-REIT and Financial sectors are the top 2 gaining sectors, gaining 1.12% and 1.08% in their index values.

Minerals Resources Limited (ASX: MIN) and Imugene Limited (ASX: IMU) are the top-gaining stocks, gaining 6.855% and 4.761% in their stock prices. On the other hand, Telix Pharmaceuticals Limited (ASX: TLX) and Northern Star Limited (ASX: NST) are the top-losing stocks and are declining by 15.297% and 4.329% in their stock prices.

Factors influencing the market-

• Mineral Resources' shares are soaring after it agreed to sell its stake in the Kemerton lithium hydroxide refinery to partner Albemarle.
• Flight Centre's shares are rising after it announced that it now expects to post an EBITDA of between $295 million and $300 million in FY23, vs previous guidance between $270 million and $290 million.
• Shares in insurance group QBE have also advanced after it said it expects to meet operating guidance for financial 2023.
• Oil prices dropped in early Asian trade today, extending the previous session's losses, as the dollar strengthened and on profit-taking after U.S. crude oil stocks fell less than expected.
• Dow has closed up by 0.31%, S&P 500 up by 0.24%, and NASDAQ ended higher by 0.03%.
• Hang Seng is down by 0.33%, and FTSE 100 is up by 1.80%.

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