Consumer staples stocks rose 1.61% at midday Friday, one of the only two sectors of the ASX trading in the green.
Lynch Group Holdings (ASX:LGL) said it will bring forward the closure of its Queensland farm, which specializes in growing phalaenopsis orchids, to around June 30, 2026. It will also close a potted plant facility in Western Australia upon lease expiry in the coming months. The firm reaffirmed its full fiscal year earnings guidance.
On the other side, the energy sector plummeted 6.99%, as oil prices crashed in the wake of the tariffs announced by US President Donald Trump and a planned output increase by OPEC+.
The S&P 500 fell 4.85%, the Nasdaq Composite fell 5.99%, and the Dow Jones Industrial Average fell 3.98%, at market close.
Woodside Energy Group (ASX:WDS) is on track to deliver on net equity scope one and two emissions targets as it focuses on safety and environmental, social, and governance performance. Scope one emissions occur from sources that are owned or controlled by the company, while scope two accounts for greenhouse gas emissions from the generation of purchased electricity consumed by the company.
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