S&P/ASX 200 Trading Higher; Tech Shares Tumble, Collins Foods Jump

On 28 June 2022, at AEST 12:05 PM, the benchmark index S&P/ASX 200 is trading higher today, gaining 12.30 points or 0.18%, and is currently trading at 6,718.30 levels. Out of 11 sectors, 7 sectors are trading lower despite the gain in the S&P/ASX 200.

The Energy and Utilities sectors are the top 2 gaining sectors, gaining 2.97% and 2.39% in their index values. On the other hand, Consumer Discretionary and Information Technology sectors are the top 2 losing sectors, declining 2.10% and 1.38% in their index values.

Collins Foods Limited (ASX: CKF) and Polynovo Limited (ASX: PNV) are the top gaining stocks, gaining 12.863% and 5.725% in their stock prices. On the other hand, Imugene Limited (ASX: IMU) and Tyro Payments Limited (ASX: TYR) are the top losing stocks and are declining 10.417% and 7.515% in their stock prices.

Factors influencing the market-

• Collin Foods’s share price is gaining 12.86%, following the company delivering revenue up 11.1% to $1184.5 million in fiscal 2022.
• The major US stock indexes were closed modestly lower after oscillating through much of the session, with weakness in interest rate-sensitive mega-caps such as Amazon, Microsoft, and Alphabet providing the heaviest drag.
• Oil extends gains for a third session as threats to global output risked tightening the market further before OPEC+ meets this week to discuss supply.
• Dow has closed down by 0.2%, S&P 500 down by 0.2%, and NASDAQ closed lower by 0.7%.
• Hang Seng is down by 0.89%, and FTSE 100 is up by 0.69%.

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