Mid-Market: S&P/ASX 200 Trading Lower; Dragged Down By WOW And SMR

On 03 September 2024, at AEST 11:00 AM, the benchmark index S&P/ASX 200 is trading lower today, declining 11.90 points or 0.15%, and is currently trading at 8,098.00 levels. Out of 11, 7 sectors are trading lower along with the decline in the S&P/ASX 200.

The Information Technology and Telecommunication Services sectors are the top 2 gaining sectors, gaining 0.41% and 0.32% in their index values. On the other hand, Consumer Staples and Consumer Discretionary sector are the top 2 declining sectors, declining 1.61% and 0.61% in their index values.

Kelsian Group Limited (ASX: KLS) and Bellevue Gold Limited (ASX: BGL) are the top-gaining stocks, gaining 3.693% and 3.478% in their stock prices. On the other hand, Woolworths Group Limited (ASX: WOW) and Stanmore Resources Limited (ASX: SMR) are the top-losing stocks and are declining by 3.518% and 3.105% in their stock prices.

Factors influencing the market-

• The S&P/ASX 200 is trading lower, in a quiet start as Wall Street closed on Monday for a public holiday with investors expecting local data that will feed into second-quarter gross domestic product (GDP) figures to be released on Wednesday.
• EML Payments Limited’s shares gained after it has completed the sale of its Sentenial business unit for €32.75 million ($53.4 million) to GoCardless.
• Oil extended gains after Libya declared force majeure at a key oilfield amid widening shutdowns that have wiped out close to a million barrels from daily global supplies.
• The US Markets were closed yesterday for a public holiday.
• Hang Seng is down by 1.65%, and FTSE 100 is down by 0.15%.

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