ASX Midday Sector Update: Information Technology Stocks Soar, Utilities Slip

MT Newswires Live

2025/06/17

Information technology stocks advanced 0.5% at midday Tuesday, tracking gains in the technology stock-heavy Nasdaq, which jumped 1.5%.

Dubber (ASX:DUB) said that its wholly-owned unit, Dubber Pty, filed legal proceedings in the Federal Court of Australia against its former auditors, BDO Audit (WA), over the alleged misappropriation of AU$26.6 million of company funds uncovered during fiscal 2024. The proceedings cover the audits conducted in the fiscal years 2020, 2021, and 2022 and the misappropriation of funds during that period, the filing said. The claim is for up to AU$26.6 million, plus interest and costs.

On the flip side, the utilities sector fell 0.8%. US stock futures fell and oil prices rose after US President Donald Trump called for the evacuation of Tehran in a social media post.

Contact Energy's (ASX:CEN, NZE:CEN) mass market electricity sales declined in May compared with the year-earlier period, while wholesale spot electricity sales rose. Retail mass market electricity sales fell to 310 gigawatt hours (GWh) in May from 350 GWh in the same period in 2024.

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The proceedings cover the audits conducted in the fiscal years 2020, 2021, and 2022 and the misappropriation of funds during that period, the filing said. The claim is for up to AU$26.6 million, plus interest and costs.</p><p>On the flip side, the utilities sector fell 0.8%. US stock futures fell and oil prices rose after US President Donald Trump called for the evacuation of Tehran in a social media post.</p><p><a href=\"https://laohu8.com/S/CEN.AU\">Contact Energy</a>'s (ASX:CEN, NZE:CEN) mass market electricity sales declined in May compared with the year-earlier period, while wholesale spot electricity sales rose. Retail mass market electricity sales fell to 310 gigawatt hours (GWh) in May from 350 GWh in the same period in 2024.</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DUB.AU","symbol_name":"DUBBER CORP LTD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2544532939","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2544532939","pubTimestamp":1750131662,"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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US stock futures fell and oil prices rose after US President Donald Trump called for the evacuation of Tehran in a social media post.Contact Energy's  mass market electricity sales declined in May compared with the year-earlier period, while wholesale spot electricity sales rose. Retail mass market electricity sales fell to 310 gigawatt hours ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"DUB.AU":"DUBBER CORP LTD","BK7006":"电力公用事业","CEN.AU":"CONTACT ENERGY LTD","III":"信息服务","BK4134":"信息科技咨询与其它服务","BK7016":"应用软件"},"translate_title":"澳大利亚证券交易所午盘板块更新：信息技术股飙升，公用事业股下滑","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"III":1,"DUB.AU":0.9,"CEN.AU":0.9},"content_text":"Information technology stocks advanced 0.5% at midday Tuesday, tracking gains in the technology stock-heavy Nasdaq, which jumped 1.5%.Dubber (ASX:DUB) said that its wholly-owned unit, Dubber Pty, filed legal proceedings in the Federal Court of Australia against its former auditors, BDO Audit (WA), over the alleged misappropriation of AU$26.6 million of company funds uncovered during fiscal 2024. 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