ASX Midday Sector Update: Energy Stocks Up, Communication Services Leads Selloff

MT Newswires Live

11/17

Energy stocks rose 0.5% at midday Monday, one of the only two sectors trading in the green, after Brent crude closed over 2% higher on Friday. However, Brent crude futures fell nearly 1% after loadings resumed at the Russian port of Novorossiysk.

New Hope's (ASX:NHC) run-of-mine (ROM) coal production fell to 3.9 million tonnes in the quarter ended Oct. 31, from 4 million tonnes last year, and its coal sales fell to 2.7 million tonnes from 2.8 million tonnes. The company reported underlying earnings before interest, tax, depreciation, and amortization of AU$107.9 million for the quarter, down from AU$304.6 million in the previous year.

Meanwhile, the communication services sector fell 0.7%.

CAR Group (ASX:CAR) appointed Geoff Trumbull as chief financial officer, effective March 2, 2026. Stephen Wong will resume his role as chief strategy officer after serving as interim CFO.

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Stephen Wong will resume his role as chief strategy officer after serving as interim CFO.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NHC.AU","symbol_name":"NEW HOPE CORP LTD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2584303618","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2584303618","pubTimestamp":1763346734,"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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