Mid-Market: S&P/ASX200 trading Higher; All 11 Sectors Are Trading In Green

On 23 December 2024, at AEDT 11:30 AM, the benchmark index S&P/ASX 200 is trading higher today, gaining 58.50 points or 0.73%, and is currently trading at 8,125.10 levels. All 11 sectors are trading higher along with the gain in the S&P/ASX 200. The Financials and A-REIT sectors are the top 2 gaining sectors, gaining 1.25% and 0.98% in their index values.

Zip Co Limited (ASX: ZIP) and Deep Yellow Limited (ASX: DYL) are the top-gaining stocks, gaining 6.360% and 5.814% in their stock prices. On the other hand, IGO Limited (ASX: IGO) and Clarity Pharmaceuticals Limited (ASX: CU6) are the top-losing stocks and are declining by 3.542% and 2.858% in their stock prices.

Factors influencing the market-

• Australian share market is gaining today, buoyed by a rebound on Wall Street on Friday after fresh data eased concerns about US inflation.
• Oil prices settled little changed in the previous session as markets weighed Chinese demand and interest rate-cut expectations after data showed cooling U.S. inflation.
• The Dow has closed up by 1.18%, the S&P 500 closed up by 1.09%, and the NASDAQ ended higher by 1.03%.
• Hang Seng is down by 0.16%, and FTSE 100 is down by 0.26%.

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