S&P/ASX 200 Trading Higher By 0.05%; Megaport Limited Jumped 9.41%

On 09 August 2022, at AEST 12:15 PM, the benchmark index S&P/ASX 200 is trading higher today, gaining 3.40 points or 0.05%, and is currently trading at 7,024.00 levels. Out of 11 sectors, 8 sectors are trading higher along with the S&P/ASX 200.

The A-REIT and Materials sectors are the top 2 gaining sectors, gaining 0.72% and 0.71% in their index values. On the other hand, Financial and Utilities sectors are the top 2 losing sectors, declining 0.98% and 0.31% in their index values.

Megaport Limited (ASX: MP1) and Nickel Industries Limited (ASX: NIC) and are the top gaining stocks, gaining 9.413% and 6.481% in their stock prices. On the other hand, Mesoblast Limited (ASX: MSB) and Imugene Limited (ASX: IMU) are the top losing stocks and are declining 5.914% and 4.386% in their stock prices.

Factors influencing the market-

• Mesoblast Limited’s shares are falling by more than 6% after the company completed a US$45 million (AU$65 million) capital raising via the issue of 86.7million fully paid ordinary shares.
• Megaport Limited added an 8.56% following jump in revenue over FY22, primarily driven by its expanding data center footprint in the United States.
• A measure of Australian business confidence rebounded in July as sales and profits held up surprisingly well in the face of rising interest rates and high inflation. However, firms also reported record costs amid supply constraints.
• Dow has closed up 0.1%, S&P 500 down by 0.1%, and NASDAQ closed lower by 0.1%.
• Hang Seng is down by 0.23%, and FTSE 100 is up by 0.57%.

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