The energy sector advanced 1.02% at midday Tuesday, as oil prices remained near four-month highs.
New Hope's (ASX:NHC) subsidiary, New Acland Coal, and Oakey Coal Action Alliance (OCAA) mutually agreed for OCAA to discontinue its appeal with the Land Court of Queensland related to an associated water license grant for the New Acland stage 3 mine.
On the flip side, stocks in the consumer discretionary sector fell 0.38%. The Westpac-Melbourne Institute Consumer Sentiment Index declined 0.7% to 92.1 in January from 92.8 in December 2024.
City Chic Collective (ASX:CCX) expects earnings before interest, taxes, depreciation, and amortization of AU$3 million to AU$4 million for the fiscal first half, compared with an EBITDA loss of AU$4.4 million a year earlier.
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