S&P/ASX 200 up today; Led By Materials and Energy

On 28 April 2022 at AEST 12:18 AM, the benchmark index S&P/ASX 200 opens up higher and gaining 70.30 points or 0.97% and currently trading at 7335.40 levels. 9 out of 11 sectors are trading in a green zone along with the S&P/ASX 200. The Materials and Energy sectors are top 2 gaining sector and gaining 2.74% and 1.74% in their index value. While on the other hand, Telecommunication Services sector is the top  loser stocks with  0.094% drop in the index value, respectively.

Sandfire Resources Limited (ASX: SFR) and AMP Limited (ASX: AMP) are the top gaining stocks, which are gaining 13.076% and 10.975% in their stock prices. Silver Lake Resources Limited. (ASX: SLR) and Tyro Payments Limited (ASX: TYR) are the top losing stocks, and are declining 9.500% and 3.442% in their stock prices.

Factors Behind the rise-

• AMP shares rocketed after the news that it has offloaded its international infrastructure equity business with its Collimate Capital unit for $462 million to DigitalBridge Group.
• Materials and Energy sectors are gaining after the rise in Brent Crude and Iron Ore prices to 0.2% and 1.0%, respectively.
• Dow has closed up by 0.2%, S&P 500 was higher by 0.2% and NASDAQ closed down by 0.01%.
• Hang Seng is gaining by 0.72% and FTSE 100 is up by 0.53%.

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