ASX Midday Sector Update: Energy Stocks Gain, Materials Struggle

MT Newswires Live

07/08

Energy stocks led gainers with a rise of 2.6% in midday trading Wednesday as oil prices advanced more than 2%.

Woodside Energy (ASX:WDS) gained nearly 3%, and Santos (ASX:STO) jumped almost 5%.

Most other sectors were lower, however, with materials shedding 2.4% to lead decliners.

BHP Group (ASX:BHP) fell about 3%, and Rio Tinto Group (ASX:RIO) retreated past 2%.

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