Midday Sector Update: Energy Stocks Rise, Communication Services Falls

MT Newswires Live

Jan 30, 2025

Energy stocks advanced almost 1.4% at midday Thursday, leading a rally on the Australian bourse.

All of the big four Australian banks are now forecasting a rate cut by the Reserve Bank of Australia after inflation eased in December.

Karoon Energy (ASX:KAR) said that its fourth-quarter production on a net revenue interest basis was flat at 2.6 million barrels of oil equivalent compared with a year earlier. The company's shares rose nearly 7% in recent trade.

On the other hand, the communication services sector was the only one trading in the red, down 0.13%.

TPG Telecom (ASX:TPG) said its regional network sharing arrangement with Optus is now in effect, more than doubling its mobile coverage in the country and increasing its coverage to over 98% of the Australian population.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2507699188"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2507699188\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2507699188?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-01-30 10:30","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2507699188","market":"nz","top_or_hot":-1,"title":"Midday Sector Update: Energy Stocks Rise, Communication Services Falls","media":"MT Newswires Live","content":"<html><body><p> Energy stocks advanced almost 1.4% at midday Thursday, leading a rally on the Australian bourse.</p><p>All of the big four Australian banks are now forecasting a rate cut by the Reserve Bank of Australia after inflation eased in December.</p><p>Karoon Energy (ASX:KAR) said that its fourth-quarter production on a net revenue interest basis was flat at 2.6 million barrels of oil equivalent compared with a year earlier. The company's shares rose nearly 7% in recent trade.</p><p>On the other hand, the communication services sector was the only one trading in the red, down 0.13%.</p><p>TPG Telecom (ASX:TPG) said its regional network sharing arrangement with Optus is now in effect, more than doubling its mobile coverage in the country and increasing its coverage to over 98% of the Australian population.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Midday Sector Update: Energy Stocks Rise, Communication Services Falls</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMidday Sector Update: Energy Stocks Rise, Communication Services Falls\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-01-30 10:30</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Energy stocks advanced almost 1.4% at midday Thursday, leading a rally on the Australian bourse.</p><p>All of the big four Australian banks are now forecasting a rate cut by the Reserve Bank of Australia after inflation eased in December.</p><p>Karoon Energy (ASX:KAR) said that its fourth-quarter production on a net revenue interest basis was flat at 2.6 million barrels of oil equivalent compared with a year earlier. The company's shares rose nearly 7% in recent trade.</p><p>On the other hand, the communication services sector was the only one trading in the red, down 0.13%.</p><p>TPG Telecom (ASX:TPG) said its regional network sharing arrangement with Optus is now in effect, more than doubling its mobile coverage in the country and increasing its coverage to over 98% of the Australian population.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"WIMI","symbol_name":"微美全息","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2507699188","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2507699188","pubTimestamp":1738204201,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Energy stocks advanced almost 1.4% at midday Thursday, leading a rally on the Australian bourse.All of the big four Australian banks are now forecasting a rate cut by the Reserve Bank of Australia after inflation eased in December.Karoon Energy  said that its fourth-quarter production on a net revenue interest basis was flat at 2.6 million barrels of oil equivalent compared with a year earlier. The company's shares rose nearly 7% in recent trade.On the other hand, the communication services sector was the only one trading in the red, down 0.13%.TPG Telecom  said its regional network sharing arrangement with Optus is now in effect, more than doubling its mobile coverage in the country and increasing its coverage to over 98% of the Australian population.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"WIMI":"微美全息","TPG.AU":"TPG TELECOM LTD","XKO.AU":"标普/澳交所 300指数","XJO.AU":"标普/澳交所 200指数","BK7042":"综合电信业务","BK7142":"石油与天然气的勘探与生产","KAR.AU":"KAROON ENERGY LTD","XAO.AU":"标普/澳交所 普通股指数","BK4009":"广告"},"translate_title":"午盘板块更新：能源股上涨，通信服务下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XAO.AU":0.9,"KAR.AU":1,"WIMI":1,"XJO.AU":0.9,"XKO.AU":0.9,"TPG.AU":1},"content_text":"Energy stocks advanced almost 1.4% at midday Thursday, leading a rally on the Australian bourse.All of the big four Australian banks are now forecasting a rate cut by the Reserve Bank of Australia after inflation eased in December.Karoon Energy (ASX:KAR) said that its fourth-quarter production on a net revenue interest basis was flat at 2.6 million barrels of oil equivalent compared with a year earlier. The company's shares rose nearly 7% in recent trade.On the other hand, the communication services sector was the only one trading in the red, down 0.13%.TPG Telecom (ASX:TPG) said its regional network sharing arrangement with Optus is now in effect, more than doubling its mobile coverage in the country and increasing its coverage to over 98% of the Australian population.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}