S&P/ASX 200 Trading Higher; IT And Materials Are the Top Gainers

On 30 May 2022, at AEST 11:55 AM, the benchmark index S&P/ASX 200 is trading higher today, gaining 62.50 points or 0.87%, and is currently trading at 7,245.20 levels. 9 out of 11 sectors are trading higher along with the S&P/ASX 200.

The Information Technology and Materials sectors are the top 2 gaining sectors, gaining 3.70% and 1.56% in their index values. On the other hand, The Utilities and Energy sectors are the top 2 losing sectors, declining 0.55% and 0.14% in their index values.

The A2 Milk Company Limited (ASX: A2M) and Novonix Limited (ASX: NVX) are the top gainers, gaining 10.648% and 10.187% in their stock prices. On the other hand, Appen Limited (ASX: APX) and Imugene Limited (ASX: IMU) are the top losers with 3.059% and 2.632% drop in their stock prices.

Factors influencing the market-

• The Information Technology sector is rising by more than 3%, mirroring the gain in the NASDAQ in the previous session.
• AGL Energy’s share price is falling after the company announced the withdrawal of its demerger proposal and the company’s chief executive and chairman will resign.
• Appen Limited share price is falling by 3.211%, after Canadian IT Services Company Telus International abruptly pulled its $1.2 billion offer.
• Dow has closed up by 1.8%, S&P 500 up by 2.5%, and NASDAQ closed higher by 3.3%.
• Hang Seng is up by 1.18%, and FTSE 100 is up by 0.27%.

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