Mid-Market: S&P/ASX 200 Trading Lower; Dragged down by Energy

On 20 February 2024, at AEDT 11:15 AM, the benchmark index S&P/ASX 200 is trading lower today, gaining 4.40 points or 0.06%, and is currently trading at 7,660.70 levels. Out of 11 sectors, 07 sectors are trading lower along with the loss in the S&P/ASX 200. The Telecommunications Services and A-REIT sectors are the top 2 gaining sectors, gaining 0.78% and 0.81% in their index values.

ARB Corporation Ltd (ASX: ARB) and Suncorp Group Limited (ASX: SUN) are the top-gaining stocks, gaining 11.769% and 6.756% in their stock prices. On the other hand, The Star Entertainment Limited (ASX: SGR) and Sims Limited (ASX: SGM) are the top-losing stocks and are declining by 23.215% and 8.891% in their stock prices.

Factors influencing the market-

• Ansell saw a 1.7% decrease following a report of reduced sales and earnings in the first half of the year.
• AUB Group experienced a 1.1% decline despite returning to profitability in the first half of 2024 and revising profit guidance upward for the full year.
• HMC Capital witnessed a 3.2% increase while reiterating its dividend projection of 12¢ per share for fiscal 2024.
• HSBC Holdings and Standard Chartered might address the risks associated with their China property operations and the US Federal Reserve's policy shift when they release their earnings reports.
• The Dow ended the session with a 0.37% decrease, the S&P 500 dipped by 0.48%, and the NASDAQ fell by 0.82%.
• The Hang Seng index dropped by -1.13%, while the FTSE 100 rose by 0.22% today.

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