This is The Mid Market Pulse. Lets get started with the mid market commentary for today and see how ASX 200 traded by lunchtime.
• Australian shares trades higher by Thursday afternoon, paring early losses, led by strong gains in realty, tech and healthcare stocks. The market witnessed cautious trading ahead of the US inflation data due tonight for more clarity on the Fed's policy outlook.
• The ASX 200 is trading higher by 31.60 points or 0.43% at 7301.80. Earlier today, the index opened marginally lower, down 4.60 points to 7,265.60, after subdued overnight trade on Wall Street.
• During the day’s trade so far, the index rose as much as 0.45% to hit a high of 7,307.08. Over the last five sessions, the index has gained 0.57% and is currently 0.45% off of its 52-week high.
• On the sectoral front, nine of the 11 sectors were trading higher, with A-REIT gaining the most, rising as much as 1.92%. Other sectors that were trading higher include Information Technology, Industrials, Consumer Discretionary, Healthcare and Telecommunications Services.
• Bucking the trend, Energy was the worst performer on the ASX with 0.58% loss. It was followed by Materials which is down 0.38%.
• Let’s focus on top gainers and losers:
• Australia-based fintech company IRESS Ltd. (ASX:IRE) is the top percentage gainer on the ASX, rising 9.13% to AU$11.95. Some of other top gainers are ResMed Inc (ASX:RMD), Unibail-Rodamco-Westfield (ASX:URW), Whitehaven Coal Ltd (ASX:WHC) and EML Payments Limited (ASX:EML).
• On the other hand, Monadelphous Group Ltd. (ASX:MND), Worley Limited (ASX:WOR), Corporate Travel Management Ltd. (ASX:CTD), Kogan.com Ltd. (ASX:KGN) and Reece Limited (ASX:REH) are among top laggards.