Mid-Market: S&P/ASX 200 Trading Lower; Investors Braced For Elections In The United Kingdom

On 01 July 2024, at AEST 11:00 AM, the benchmark index S&P/ASX 200 is trading lower today, declining 38.00 points or 0.49%, and is currently trading at 7,729.50 levels. Out of 11 sectors, 10 sectors are trading lower along with the decline in the S&P/ASX 200.

The Materials sector is the only gaining sector, gaining 0.11% in its index value. On the other hand, Healthcare and Financials sectors are the top 2 declining sectors, declining 0.60% and 0.43% in their index values.

Coronado Global Resources Inc. (ASX: CRN) and Stanmore Resources Limited (ASX: SMR) are the top-gaining stocks, gaining 7.173% and 4.802% in their stock prices. On the other hand, Strike Energy Limited (ASX: STX) and Boss Energy Ltd (ASX: BOE) are the top-losing stocks and are declining by 10.715% and 5.085% in their stock prices.

Factors influencing the market-

• S&P/ASX 200 is declining today as shareholders brace for elections in the United Kingdom and France, and prolonged global uncertainty.
• Lendlease Limited’s shares rallied after announcing it was selling its US military housing business to an entity managed by Guggenheim Partners Investment Management for $480 million.
• The Dow has closed down by 0.12%, the S&P 500 closed down by 0.41%, and the NASDAQ ended lower by 0.76%.
• Hang Seng is up by 0.01%, and FTSE 100 is down by 0.19%.

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