Mid-Market: S&P/ASX 200 Trading Lower; CPI Data Increases Chance Of Rate Rise

Source: Kapitales Research

On 28 January 2026, at AEDT 12:45 PM, the benchmark index S&P/ASX 200 is trading lower today, declining 9.40 points or 0.11%, and is currently trading at 8,932.20 levels. Out of 11, 7 sectors are trading lower along with the decline in the S&P/ASX 200.

The Energy and Materials sectors are the top 2 gaining sectors, gaining 1.35% and 0.58% in their index values. On the other hand, Information Technology and Consumer Staples sectors are the top 2 declining sectors, declining 1.52 and 0.79% in their index values.

Silex Systems Limited (ASX: SLX) and Deep Yellow Limited (ASX: DYL) are the top-gaining stocks, gaining 6.503% and 5.555% in their stock prices. On the other hand, Life360 Inc. (ASX: 360) and AUB Group Limited (ASX: AUB) are the top-losing stocks and are declining by 6.236% and 6.080% in their stock prices.

Factors influencing the market-

• Australian shares trimmed early gains today after December inflation exceeded expectations, lifting the odds of an interest rate rise by the Reserve Bank of Australia next week. Annual CPI rose 3.8%, above the 3.6% market forecast, prompting money markets to price in a greater than 70% chance of a rate hike, up from 60%. The Australian dollar briefly surged to a three-year high of US70.20¢ before easing back to around US69.98¢.
• Energy Sector led the market, with oil futures climbing 2% after a winter storm in the US disrupted crude production and refinery activity. Woodside shares gained 2.0% after the company reported record 2025 output, exceeding guidance as strong asset reliability outweighed weaker prices and softer quarterly production.
• ASX Limited’s shares edged down 0.1% after lifting its FY26 expense growth guidance to 13–15% from 8–11%, flagging higher spending on risk management and technology upgrades in the wake of the ASIC inquiry.
• Boss Energy surged 6.2% after cutting its cost guidance following a strong December quarter at its Honeymoon uranium operation, where higher production lifted inventories and supported a solid cash position.
• Coronado Global Resources slid 6% despite delivering FY25 results within guidance, as increased production, materially lower costs and the completion of major capital projects position the coal miner for stronger cash generation in FY26.
• The Dow Jones closed down by 0.83%, S&P 500 gained by 0.41% and Nasdaq was up by 0.91% in the previous session.
• Hang Seng is up by 1.35%, and FTSE 100 is up by 0.58%.

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