S&P/ASX 200 Trading Higher; Buoyed By the Healthcare and Consumer Staples Sectors

On 12 July 2022, at AEST 11:50 AM, the benchmark index S&P/ASX 200 is trading higher today, gaining 18.50 points or 0.28%, and is currently trading at 6,620.70 levels. Out of 11 sectors, 8 sectors are trading higher along with the S&P/ASX 200.

The Healthcare and Consumer Staples sectors are the top 2 gaining sectors, gaining 1.44% and 1.31% in their index values. On the other hand, the Materials and Information Technology sectors are the top 2 losing sectors, declining 1.12% and 0.88% in their index values.

Zip Co Limited (ASX: ZIP) and Whitehaven Coal Limited (ASX: WHC) are the top gaining stocks, gaining 5.000% and 4.240% in their stock prices. On the other hand, Life360 Inc (ASX: 360) and Imugene Limited (ASX: IMU) are the top losing stocks and are declining 7.463% and 6.383% in their stock prices.

Factors influencing the market-

• Zip Co Limited's share prices jumped after Zip and Sezzle Inc mutually agreed to terminate the merger agreement.
• Oil prices are falling as fresh COVID-19 curbs in China, the world's biggest crude importer, and fears of a global economic slowdown weighed on the fuel demand outlook.
• Multiple Chinese cities are adopting fresh COVID-19 curbs, from business halts to lockdowns, to rein in new infections as the highly infectious BA.5.2.1 subvariant has been detected in the country.
• Dow has closed down by 0.5%, S&P 500 down by 1.2%, and NASDAQ closed lower by 2.3%.

Hang Seng is down by 0.58%, and FTSE 100 is up by 0.00%.

On 12 July 2022, at AEST 11:50 AM, the benchmark index S&P/ASX 200 is trading higher today, gaining 18.50 points or 0.28%, and is currently trading at 6,620.70 levels. Out of 11 sectors, 8 sectors are trading higher along with the S&P/ASX 200.

The Healthcare and Consumer Staples sectors are the top 2 gaining sectors, gaining 1.44% and 1.31% in their index values. On the other hand, the Materials and Information Technology sectors are the top 2 losing sectors, declining 1.12% and 0.88% in their index values.

Zip Co Limited (ASX: ZIP) and Whitehaven Coal Limited (ASX: WHC) are the top gaining stocks, gaining 5.000% and 4.240% in their stock prices. On the other hand, Life360 Inc (ASX: 360) and Imugene Limited (ASX: IMU) are the top losing stocks and are declining 7.463% and 6.383% in their stock prices.

Factors influencing the market-

• Zip Co Limited's share prices jumped after Zip and Sezzle Inc mutually agreed to terminate the merger agreement.
• Oil prices are falling as fresh COVID-19 curbs in China, the world's biggest crude importer, and fears of a global economic slowdown weighed on the fuel demand outlook.
• Multiple Chinese cities are adopting fresh COVID-19 curbs, from business halts to lockdowns, to rein in new infections as the highly infectious BA.5.2.1 subvariant has been detected in the country.
• Dow has closed down by 0.5%, S&P 500 down by 1.2%, and NASDAQ closed lower by 2.3%.

Hang Seng is down by 0.58%, and FTSE 100 is up by 0.00%.

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