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

Mid-Market: S&P/ASX 200 Trading Lower By 0.38%; Dragged Down By Energy And Materials Sectors

On 28 November 2022, at AEDT 11:56 AM, the benchmark index S&P/ASX 200 is trading lower today, declining 27.50 points or 0.38%, and is currently trading at 7,232.00 levels. Out of 11 sectors, 7 sectors are trading lower along with the S&P/ASX 200.

The Industrials and Telecommunication sectors are the top 2 gaining sectors, gaining 0.26% and 0.25% in their index values. On the other hand, the Services Energy and Materials sectors are the top 2 losing sectors, declining 1.04% and 1.01% in their index values.

New Hope Corporation Limited (ASX: NHC) and Whitehaven Coal Limited (ASX: WHC) are the top-gaining stocks, gaining 3.525% and 3.362% in their stock prices. On the other hand, Liontown Resources Limited (ASX: LTR) and Bank Of Queensland Limited (ASX: BOQ) are the top-losing stocks and are declining by 7.000% and 6.217% in their stock prices.