ASX Midday Sector Update: Real Estate Stocks Gain, Utilities Lead Broader Declines

MT Newswires Live

04/28

Real estate stocks gained 0.2% in midday trading Tuesday, as almost all other sectors declined amid a continued rise in oil prices and lingering tensions between the US and Iran.

Goodman Group (ASX:GMG) was up almost 1% and Scentre Group (ASX:SCG) was marginally higher.

Meanwhile, utilities was the weakest sector with a decline of over 3%.

Origin Energy (ASX:ORG) slid more than 5% after reporting Monday that its March quarter production fell to 164.5 petajoules from 167.1 petajoules a year earlier.

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