Midday Sector Update: Energy Stocks Down 1.4%, All ASX Sectors Fall in Red

MT Newswires Live

Jan 09, 2025

The energy sector led a rout on the Australian Securities Exchange, falling 1.4%, with all sectors trading in the red.

This came after a rise in monthly retail sales of 0.8% month on month in November 2024, leading to concerns that this could put pressure on the Reserve Bank of Australia to extend the timeline for interest rate cuts.

Omega Oil & Gas (ASX:OMA) said that data analysis at its Canyon Gas Field project in Queensland showed a higher reservoir pressure of 0.8 pounds per square inch per foot and lower geo-mechanical stress, boosting confidence in a multi-trillion cubic feet, resource development across its acreage.

Meanwhile, the consumer staples sector tumbled 1.2%, and the industrials sector slid 1.2%.

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Gas (ASX:OMA) said that data analysis at its Canyon Gas Field project in Queensland showed a higher reservoir pressure of 0.8 pounds per square inch per foot and lower geo-mechanical stress, boosting confidence in a multi-trillion cubic feet, resource development across its acreage.</p><p>Meanwhile, the consumer staples sector tumbled 1.2%, and the industrials sector slid 1.2%.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XJO.AU","symbol_name":"标普/澳交所 200指数","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2502058158","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2502058158","pubTimestamp":1736391372,"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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