The information technology stocks jumped over 4% at midday Thursday.

Nanoveu (ASX:NVU), whose shares jumped over 9% in recent trading, said its wholly-owned subsidiary, Embedded A.I. Systems, co-developed a reference design combining STMicroelectronics inertial measurement unit technology, the LSM6DSV16BX, with its ECS-DoT edge-AI System-on-Chip for hearable applications.

On the flip side, the materials sector fell 1% as the conflict in the Middle East continued.

Forrestania Resources (ASX: FRS) said that it completed its takeover of Kula Gold after the completion of the compulsory acquisition process.