Market Alert : Macro Strategy Alert: Bank of Japan Tightening, US Inflation Cooling, and Cross-Commodity Impacts

Mid-Market: S&P/ASX 200 Is Trading Sharply Lower; Weighed Down By Financials And Energy Sectors

On 10 March 2023, at AEDT 11:40 AM, the benchmark index S&P/ASX 200 is trading lower today, declining 114.10 points or 1.56%, and is currently trading at 7,197.00 levels. Out of 11 sectors, 10 sectors are trading lower along with the S&P/ASX 200.

The Utilities sector is the only gaining sector, gaining 1.27% in its index value. On the other hand, the Financial and Energy sectors are the top 2 losing sectors, declining 2.45% and 2.24% in their index values.

Northern Star Resources Ltd (ASX: NST) and Capricorn Metal Limited (ASX: CMM) are the top-gaining stocks, gaining 3.278% and 3.066% in their stock prices. On the other hand, Insignia Financial Ltd (ASX: IFL) and Block Inc. (ASX: SQ2) are the top-losing stocks and are declining by 5.488% and 5.005% in their stock prices.

Top 5 Gainers & Losers (As At AEDT 11:40 AM)