ASX Midday Sector Update: Information technology Stocks Jump, Utilities Sector Falls

MT Newswires Live

Mar 25, 2025

Information technology stocks led a rebound on the ASX, rising 1.6% at midday Tuesday, The Australian sharemarket tracked gains on Wall Street as technology stocks rose after reports suggesting that the Trump administration might take a more measured approach to trade tariffs.

Adveritas (ASX:AV1) clarified that a AU$1 million annual contract value it announced earlier is a renewal of an existing contract and the renewal contract has a term of three years with an average annual contract value of around AU$1 million.

On the flip side, the utilities sector fell 0.79%.

Meridian Energy (ASX:MEZ, NZE:MEL) will start construction on its 130-megawatt Ruakaka solar farm in August after securing board approval for the NZ$227 million project. Construction and maintenance contracts have been awarded to renewable energy firm Ethical Power.

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Construction and maintenance contracts have been awarded to renewable energy firm Ethical Power.</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":"2522589990","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2522589990","pubTimestamp":1742870167,"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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