S&P/ASX 200 Trading Lower By 0.36%; 9 Out Of 11 Sectors Are Trading In Red Zone

On 18 August 2022, at AEST 12:05 PM, the benchmark index S&P/ASX 200 is trading lower today, declining 25.60 points or 0.36%, and is currently trading at 7,102.10 levels. Out of 11 sectors, 9 sectors are trading lower along with the S&P/ASX 200.

The Energy and Healthcare sectors are the top 2 gaining sectors, gaining 1.84% and 0.81% in their index values. On the other hand, Utilities and Information Technology sectors are the top 2 losing sectors, declining 2.61% and 2.07% in their index values.

IPH Limited (ASX: IPH) and Whitehaven Coal Limited (ASX: WHC) are the top gaining stocks, gaining 13.238% and 4.277% in their stock prices. On the other hand, Codan Limited (ASX: CDA) and Blackmores Limited (ASX: BKL) are the top losing stocks and are declining 8.164% and 8.011% in their stock prices.

Factors influencing the market-

• Australia’s seasonally adjusted unemployment rate has fallen to a 48-year low of 3.4%, below forecasts of the jobless rate remaining at June’s low of 3.5%.
• IPH Limited’s share price rises after the company signed an agreement to acquire Canadian intellectual property firm Smart & Biggar for a total of $387 million.
• Oil rebounded from several days of declines after a bullish US stockpile report eased concerns that an economic slowdown is blunting demand.
• Dow has closed down 0.5%, S&P 500 down by 0.7%, and NASDAQ closed lower by 1.3%.
• Hang Seng is down 0.61%, and FTSE 100 is down by 0.27%.

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