ASX Midday Sector Update: Financial Stocks Rebound, Materials Stocks Slump

MT Newswires Live

May 09, 2025

The financial sector rebounded 1.2% at midday Friday. Shares on Wall Street rallied after the US and the UK officials announced a trade framework that will see tariffs on British cars, steel, and aluminum imported to the US lowered or removed.

Macquarie Group (ASX:MQG) reported fiscal 2025 earnings of AU$9.755 per diluted share, up from AU$9.114 per diluted share a year earlier. The board declared a dividend of AU$3.90, compared with AU$3.85 in the prior reporting period, payable on July 2 to shareholders of record as of May 20.

Meanwhile, the materials sector struggled, falling 0.8%. Iron ore futures fell overnight after China's top steel association confirmed that output curbs were underway.

Chrysos (ASX:C79) entered into a master services agreement with Newmont (ASX:NEM) for Newmont to use its PhotonAssay technology for its gold mining projects. The companies also entered into a contract for an initial PhotonAssay unit to be installed at its Ahafo mine in Ghana, with deployment expected in the first half of 2026.

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Shares on Wall Street rallied after the US and the UK officials announced a trade framework that will see tariffs on British cars, steel, and aluminum imported to the US lowered or removed.</p><p><a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a> Group (ASX:MQG) reported fiscal 2025 earnings of AU$9.755 per diluted share, up from AU$9.114 per diluted share a year earlier. The board declared a dividend of AU$3.90, compared with AU$3.85 in the prior reporting period, payable on July 2 to shareholders of record as of May 20.</p><p>Meanwhile, the materials sector struggled, falling 0.8%. Iron ore futures fell overnight after China's top steel association confirmed that output curbs were underway.</p><p>Chrysos (ASX:C79) entered into a master services agreement with Newmont (ASX:NEM) for Newmont to use its PhotonAssay technology for its gold mining projects. The companies also entered into a contract for an initial PhotonAssay unit to be installed at its Ahafo mine in Ghana, with deployment expected in the first half of 2026.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7046","symbol_name":"综合性资本市场","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2534110569","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2534110569","pubTimestamp":1746761199,"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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