S&P/ASX 200 Trading Higher By 1.69%; All Sectors Are Trading In Green Zone

On 27 June 2022, at AEST 11:50 AM, the benchmark index S&P/ASX 200 is trading higher today, gaining 111.10 points or 1.69%, and is currently trading at 6,689.80 levels. All the 11 sectors are trading higher along with the S&P/ASX 200. The Materials and Energy sectors are the top 2 gaining sectors, gaining 2.15% and 2.09% in their index values.

Imugene Limited (ASX: IMU) and Liontown Resources Limited (ASX: LTR) are the top gaining stocks, gaining 30.303% and 8.205% in their stock prices. On the other hand, Evolution Mining Limited (ASX: EVN) and Northern Star Resources Ltd (ASX: NST) are the top losing stocks and are declining 21.598% and 9.262% in their stock prices.

Factors influencing the market-

• Imugene Limited’s share price is gaining 30.303% after the company announced positive final survival data from its phase 2 study of HER-Vaxx.
• The Information Technology sector is rising following a 3.3% gain in the tech-heavy NASDAQ in the previous session.
• Evolution Mining Limited’ share is declining sharply by 21.598% to $2.65 after lowering its production guidance for the 2023 financial year.
• Oil prices are declining as global economic concerns depressed the oil demand outlook while investors eyed the G7 meeting this week for possible moves on Russian oil exports and a revival of the Iran nuclear deal.
• Dow has closed up by 2.7%, S&P 500 up by 3.1%, and NASDAQ closed higher by 3.3%.
• Hang Seng is up by 1.91%, and FTSE 100 is up by 2.68%.

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