ASX Midday Sector Update: Materials Stocks Soar, Utilities Sector Plunges

MT Newswires Live

Jan 31, 2025

Materials stocks lead a rally on the Australian bourse, rising 1.2% at midday Friday. The flagship ASX 200 index reached a new intra-day high.

Investments in miners increased again after fears around potential tariffs on China abated.

Emerald Resources (ASX:EMR) reported record gold production at its Okvau gold mine in Cambodia for the December 2024 quarter, coming in at 31,888 ounces, with all-in sustaining costs of $855.

On the other hand, the utilities sector plunged over 3%.

Origin Energy (ASX:ORG) lowered its fiscal 2025 Australia Pacific LNG production guidance to 670 to 690 petajoules from a previous projection of 685 to 710 petajoules. Its Australia Pacific LNG revenue for the December 2024 quarter was AU$2.71 billion, up 14% year-over-year. Its shares fell over 5% in recent trading.

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The flagship ASX 200 index reached a new intra-day high.</p><p>Investments in miners increased again after fears around potential tariffs on China abated.</p><p>Emerald Resources (ASX:EMR) reported record gold production at its Okvau gold mine in Cambodia for the December 2024 quarter, coming in at 31,888 ounces, with all-in sustaining costs of $855.</p><p>On the other hand, the utilities sector plunged over 3%.</p><p>Origin Energy (ASX:ORG) lowered its fiscal 2025 Australia Pacific LNG production guidance to 670 to 690 petajoules from a previous projection of 685 to 710 petajoules. Its Australia Pacific LNG revenue for the December 2024 quarter was AU$2.71 billion, up 14% year-over-year. Its shares fell over 5% in recent trading.</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>ASX Midday Sector Update: Materials Stocks Soar, Utilities Sector Plunges</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\">\nASX Midday Sector Update: Materials Stocks Soar, Utilities Sector Plunges\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\">2025-01-31 10:42</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Materials stocks lead a rally on the Australian bourse, rising 1.2% at midday Friday. The flagship ASX 200 index reached a new intra-day high.</p><p>Investments in miners increased again after fears around potential tariffs on China abated.</p><p>Emerald Resources (ASX:EMR) reported record gold production at its Okvau gold mine in Cambodia for the December 2024 quarter, coming in at 31,888 ounces, with all-in sustaining costs of $855.</p><p>On the other hand, the utilities sector plunged over 3%.</p><p>Origin Energy (ASX:ORG) lowered its fiscal 2025 Australia Pacific LNG production guidance to 670 to 690 petajoules from a previous projection of 685 to 710 petajoules. Its Australia Pacific LNG revenue for the December 2024 quarter was AU$2.71 billion, up 14% year-over-year. Its shares fell over 5% in recent trading.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7130","symbol_name":"综合性石油与天然气企业","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2507867459","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2507867459","pubTimestamp":1738291332,"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":"Materials stocks lead a rally on the Australian bourse, rising 1.2% at midday Friday. 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