ASX Midday Sector Update: Electronic Technology, Energy Minerals Rise; Utilities Struggle

MT Newswires Live

2025/01/03

Electronic technology stocks rose 1.5% at midday Friday, helping the broader Australian benchmark index trade higher.

Energy minerals were also among the biggest gainers, with Gold Road Resources (ASX:GOR) up nearly 3%. Gold rose 0.2% to $2,673 per ounce amid demand for safe-haven assets.

On the flip side, utilities struggled, with stocks down nearly 0.7%. Mercury NZ (ASX:MCY, NZE:MCY) led the decline as shares fell nearly 7% despite the lack of key news from the company.

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