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ASX Midday Sector Update: Utilities Stocks Gain, Materials Struggle

Utilities stocks were leading gainers in midday trading Wednesday with a rise of 1.7% after the United Arab Emirates said it would quit the Organization of the Petroleum Exporting Countries, adding to energy supply concerns amid ongoing tensions between the US and Iran.Shares of Origin Energy (ASX:ORG) ticked nearly 3% higher to recover from losses in the previous trading session.On the flip side, materials stocks were leading decliners with a fall of 0.8%.Westgold Resources (ASX:WGX) shed more than 2% after reporting group gold production of 93,145 ounces for the fiscal third quarter. The group's all-in sustaining cost for the quarter was AU$3,338 per ounce, compared with AU$2,829 per ounce a year earlier.

Financial News · Live Terminal

ASX Midday Sector Update: Utilities Stocks Gain, Materials Struggle

Anteris Technologies Secures US Medicare Reimbursement Eligibility for PARADIGM Trial

Lancang River Hydropower's 2025 Profit Rises 3%, Revenue Climbs 7%

Shengyi Technology's Q1 Profit Doubles as Revenue Jumps 45%

Huaqin to Acquire Further 5% of Nexchip Semiconductor

Henan Shuanghui Investment & Development's Profit Rises 14% in Q1

China State Construction Engineering's Profit Falls 7.5% on Weak Construction Market

Gree Electric Appliances' Profit Rises 3% in Q1 on Higher Revenue; Shares Up 4%

China Resources Power Wind Power Business Listing Approved by Shenzhen Stock Exchange

Gree Electric Appliances' Profit, Revenue Slide 10% in 2025; Shares Down 4%

Amorepacific's Net Attributable Income Declines 2% in Q1; Shares Fall 5%

LS Electric Unit Wins KRW319 Billion Fuel Cell Power Systems Supply Contract for Data Centers; Shares Rise 5%

Bank of Jiangsu's 2025 Profit, Revenue Jump 8%

Prudential Logs 10% Growth in Q1 New Business Profit

Bank of Jiangsu's Q1 Profit, Revenue Rise 8%

NZX Midday Sector Update: Health Technology Rises, Consumer Durables Tank

Suzhou QingYue Optoelectronics Technology's Loss Widens in Q1

CGN Power's Q1 Profit Drops 9% on Lower Revenue

Metal Powder Works' Metal Powder Machine Achieves Annual Capacity of 100 Metric Tonnes; Shares Up 10%

China Pacific Insurance's Q1 Profit Rises 4%; Revenue Down 1%

ASX Midday Sector Update: Utilities Stocks Gain, Materials Struggle

Anteris Technologies Secures US Medicare Reimbursement Eligibility for PARADIGM Trial

Lancang River Hydropower's 2025 Profit Rises 3%, Revenue Climbs 7%

Shengyi Technology's Q1 Profit Doubles as Revenue Jumps 45%

Huaqin to Acquire Further 5% of Nexchip Semiconductor

Henan Shuanghui Investment & Development's Profit Rises 14% in Q1

China State Construction Engineering's Profit Falls 7.5% on Weak Construction Market

Gree Electric Appliances' Profit Rises 3% in Q1 on Higher Revenue; Shares Up 4%

China Resources Power Wind Power Business Listing Approved by Shenzhen Stock Exchange

Gree Electric Appliances' Profit, Revenue Slide 10% in 2025; Shares Down 4%

Amorepacific's Net Attributable Income Declines 2% in Q1; Shares Fall 5%

LS Electric Unit Wins KRW319 Billion Fuel Cell Power Systems Supply Contract for Data Centers; Shares Rise 5%

Bank of Jiangsu's 2025 Profit, Revenue Jump 8%

Prudential Logs 10% Growth in Q1 New Business Profit

Bank of Jiangsu's Q1 Profit, Revenue Rise 8%

NZX Midday Sector Update: Health Technology Rises, Consumer Durables Tank

Suzhou QingYue Optoelectronics Technology's Loss Widens in Q1

CGN Power's Q1 Profit Drops 9% on Lower Revenue

Metal Powder Works' Metal Powder Machine Achieves Annual Capacity of 100 Metric Tonnes; Shares Up 10%

China Pacific Insurance's Q1 Profit Rises 4%; Revenue Down 1%