ASX Midday Sector Update: Utilities Stocks Rise, Information Technology Stocks Fall

MT Newswires Live

03-27

Utilities stocks advanced 1.06% at midday Thursday. Brent crude futures settled up 1.05% at $73.79 per barrel.

Contact Energy (ASX:CEN, NZE:CEN) said it intends to appeal the New Zealand Environmental Protection Authority panel's decision to decline consent for its Southland Wind Farm project and to reapply for approval under a fast-track consenting process.

On the flip side, the information technology sector plunged, shedding 2%. US President Donald Trump announced 25% tariffs on imported cars and light trucks, with collections starting April 3. U.S. equity index futures slid in after-hours trading.

WiseTech Global (ASX:WTC) shareholder AustralianSuper sold AU$580 million worth of shares in the logistics technology firm, citing concerns over the company's handling of founder Richard White's leadership transition, according to multiple media reports.

Shares of the company fell past 3% in recent Thursday trade.

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Brent crude futures settled up 1.05% at $73.79 per barrel.</p><p>Contact Energy (ASX:CEN, NZE:CEN) said it intends to appeal the New Zealand Environmental Protection Authority panel's decision to decline consent for its Southland Wind Farm project and to reapply for approval under a fast-track consenting process.</p><p>On the flip side, the information technology sector plunged, shedding 2%. US President Donald Trump announced 25% tariffs on imported cars and light trucks, with collections starting April 3. 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Brent crude futures settled up 1.05% at $73.79 per barrel.</p><p>Contact Energy (ASX:CEN, NZE:CEN) said it intends to appeal the New Zealand Environmental Protection Authority panel's decision to decline consent for its Southland Wind Farm project and to reapply for approval under a fast-track consenting process.</p><p>On the flip side, the information technology sector plunged, shedding 2%. US President Donald Trump announced 25% tariffs on imported cars and light trucks, with collections starting April 3. 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