ASX Midday Sector Update: Utilities Stocks Inch Up, Consumer Discretionary Sector Plunges

MT Newswires Live

Mar 12

The utilities sector was the only ASX sector trading in the green, rising just 0.5%. Utilities stocks are seen as defensive due to year-round demand.

Delorean (ASX:DEL) launched an interactive Investor Hub for its shareholders, stakeholders, and prospective investors.

Consumer discretionary stocks fell 2.4% at midday Wednesday. The ASX tumbled after US President Donald Trump ruled out exemptions for Australia from 25% tariffs on steel and aluminum exports to the US.

All three major US stock indices dropped on recession fears.

Briscoe Group (ASX:BGP, NZE:BGP) reported that its fiscal 2025 earnings per diluted share fell to NZ$0.272 from NZ$0.378 a year earlier. Revenue for the year ended Jan. 26 was NZ$791.5 million, down from NZ$792 million in the same period a year earlier.

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Utilities stocks are seen as defensive due to year-round demand.</p><p>Delorean (ASX:DEL) launched an interactive Investor Hub for its shareholders, stakeholders, and prospective investors.</p><p>Consumer discretionary stocks fell 2.4% at midday Wednesday. The ASX tumbled after US President Donald Trump ruled out exemptions for Australia from 25% tariffs on steel and aluminum exports to the US.</p><p>All three major US stock indices dropped on recession fears.</p><p>Briscoe Group (ASX:BGP, NZE:BGP) reported that its fiscal 2025 earnings per diluted share fell to NZ$0.272 from NZ$0.378 a year earlier. Revenue for the year ended Jan. 26 was NZ$791.5 million, down from NZ$792 million in the same period a year earlier.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7060","symbol_name":"新能源发电业者","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2518608487","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2518608487","pubTimestamp":1741746986,"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. 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