S&P/ASX 200 Trading Higher By 0.32% Lifted By IT And Materials Sectors

On 15 August 2022, at AEST 12:25 PM, the benchmark index S&P/ASX 200 is trading higher today, gaining 22.60 points or 0.32%, and is currently trading at 7,055.10 levels. Out of 11 sectors, 8 sectors are trading higher along with the S&P/ASX 200.

The Information Technology and Materials sectors are the top 2 gaining sectors, gaining 1.78% and 1.73% in their index values. On the other hand, Financial and Energy sectors are the top 2 losing sectors, declining 0.46% and 0.33% in their index values.

PointsBet Holdings Limited (ASX: PBH) and BlueScope Steel Limited (ASX: BSL) are the top gaining stocks, gaining 6.741% and 6.039% in their stock prices. On the other hand, Beach Energy Limited (ASX: BPT) and Bendigo And Adelaide Bank Limited (ASX: BEN) are the top losing stocks and are declining 12.433% and 8.720% in their stock prices.

Factors influencing the market-

• BlueScope Steel's share price rises after delivering the highest underlying profit in its 20-year history.
• Beach Energy Limited's share price dropped sharply following the company's announced its full-year result.
• Oil prices declined for a second session after Saudi Aramco said it is ready to ramp up the output while production at several offshore U.S. Gulf of Mexico platforms is resuming after a brief outage last week.
• Dow has closed up 1.3%, S&P 500 up by 1.7%, and NASDAQ closed higher by 2.1%.
• Hang Seng is down 0.16%, and FTSE 100 is up by 0.47%.

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