ASX Midday Sector Update: Information Technology Stocks Rise, Healthcare Sector Declines

MT Newswires Live
2025/10/24

Information technology stocks advanced over 1% at midday Monday.

Overnight, the Nasdaq index climbed 0.9%, the Dow Jones index rose 0.3%, and the S&P 500 increased 0.6% on Wall Street.

Fineos (ASX:FCL) said that its customer cash receipts, net of tax, of 31.5 million euros for the three months ended Sept. 30 were 11% lower than the year-ago period due to different year-on-year payment cycles from some large customers. It appointed Chief Executive Michael Kelly as executive chairman, effective Jan. 1, 2026, succeeding Anne O'Driscoll.

On the flip side, the healthcare sector was down almost 1%.

Lumos Diagnostics (ASX:LDX) Chair Sam Lanyon said the company's strategy remains centered on the global commercialization of its point-of-care FebriDx diagnostic test and that in the US, six of seven Medicare Administrative Contractors can provide full reimbursement per test.

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