Mid-Market: S&P/ASX 200 Trading Lower By 0.59%; Tracking US Markets Losses

On 04 October 2023, at AEDT 12:00 PM, the benchmark index S&P/ASX 200 is trading lower today, declining 40.90 points or 0.59%, and is currently trading at 6,902.50 levels. Out of 11 sectors, 10 sectors are trading lower along with the S&P/ASX 200.

The Utilities sector is the only gaining sector, gaining 0.50% in its index value. On the other hand, the Information Technology and Telecommunication Services sectors are the top 2 losing sectors, declining 1.28% and 1.20% in their index values.

Bega cheese Limited (ASX: BGA) and IPH Limited (ASX: IPH) are the top-gaining stocks, gaining 2.777% and 2.496% in their stock prices. On the other hand, Core Lithium Ltd (ASX: CXO) and Virgin Money UK Plc (ASX: VUK) are the top-losing stocks and are declining by 3.572% and 3.421% in their stock prices.

Factors influencing the market-

• The Australian share market is trading lower today, tracking a decline on Wall Street after stronger-than-expected jobs data heaped more interest rate worries on equity markets.
• The Star Entertainment Group’s shares gained after disclosing that JPMorgan and its affiliates had tipped over the 5% substantial holding line.
• Orora Limited’s shares have lifted after news that its $1.35 billion buyout of French bottle maker Saverglass has taken another step forward.
• The Dow has closed down by 1.29%, the S&P 500 down by 1.37%, and the NASDAQ ended lower by 1.87%.
• Hang Seng is down by 2.69%, and FTSE 100 is down by 0.54%.

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