ASX Midday Sector Update: Information Technology Stocks Rise, Healthcare Down

MT Newswires Live
11/03

Information technology stocks advanced almost 1% at midday Monday. On Wall Street, the S&P 500 rose 0.3% and the Nasdaq Composite index rose 0.6%.

ReadyTech Holdings (ASX:RDY) said it expects the 13,866 files originating from its hosted student management system, VETtrak, published by a cybercriminal to include contact information, financial details, tax file numbers, and other sensitive personal and health information. The company said it will identify and notify affected individuals depending on the categories of personal information involved.

On the flip side, the healthcare sector fell almost 2%. The Melbourne Institute said its monthly inflation gauge rose in October, primarily influenced by higher recreation and housing-related prices. Annual headline inflation has edged slightly above the upper limit of the 2% to 3% target band.

ResMed (ASX:RMD), whose shares fell over 4%, reported September quarter earnings of $2.37 per share, up from $2.11 a year earlier. Revenue for the three months ended Sept. 30 was $1.3 million, compared with $1.2 million a year earlier.

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