ASX Midday Sector Update: Information Technology Stocks Surge, Consumer Staples Fall

MT Newswires Live

May 13, 2025

The information technology sector surged 3.7% at midday Tuesday. Stocks rallied globally after the US and China agreed to deescalate trade tensions and reduce tariffs for at least 90 days. The tech-heavy Nasdaq index rose 4.4%, the largest gain in over a month.

Life360 (ASX:360) reported Tuesday first-quarter net income of $0.05 per diluted share, compared with a net loss of $0.14 a year earlier. Total revenue for the three months ended March 31 was $103.6 million, up from $78.2 million a year earlier. Analysts polled by FactSet expected sales of $101.4 million.

Its shares surged over 14% in recent trading on Tuesday.

Meanwhile, the consumer staples sector fell 2.7%.

Ridley (ASX:RIC) completed its underwritten institutional placement and the institutional component of its 1-for-7.43 pro-rata accelerated non-renounceable entitlement offer of new fully-paid shares in the firm, raising around AU$99 million.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2535763310"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2535763310\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2535763310?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-05-13 11:33","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2535763310","market":"fut","top_or_hot":-1,"title":"ASX Midday Sector Update: Information Technology Stocks Surge, Consumer Staples Fall","media":"MT Newswires Live","content":"<html><body><p> The information technology sector surged 3.7% at midday Tuesday. Stocks rallied globally after the US and China agreed to deescalate trade tensions and reduce tariffs for at least 90 days. The tech-heavy Nasdaq index rose 4.4%, the largest gain in over a month.</p><p>Life360 (ASX:360) reported Tuesday first-quarter net income of $0.05 per diluted share, compared with a net loss of $0.14 a year earlier. Total revenue for the three months ended March 31 was $103.6 million, up from $78.2 million a year earlier. Analysts polled by FactSet expected sales of $101.4 million.</p><p>Its shares surged over 14% in recent trading on Tuesday.</p><p>Meanwhile, the consumer staples sector fell 2.7%.</p><p>Ridley (ASX:RIC) completed its underwritten institutional placement and the institutional component of its 1-for-7.43 pro-rata accelerated non-renounceable entitlement offer of new fully-paid shares in the firm, raising around AU$99 million.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ASX Midday Sector Update: Information Technology Stocks Surge, Consumer Staples Fall</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nASX Midday Sector Update: Information Technology Stocks Surge, Consumer Staples Fall\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-05-13 11:33</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> The information technology sector surged 3.7% at midday Tuesday. Stocks rallied globally after the US and China agreed to deescalate trade tensions and reduce tariffs for at least 90 days. The tech-heavy Nasdaq index rose 4.4%, the largest gain in over a month.</p><p>Life360 (ASX:360) reported Tuesday first-quarter net income of $0.05 per diluted share, compared with a net loss of $0.14 a year earlier. Total revenue for the three months ended March 31 was $103.6 million, up from $78.2 million a year earlier. Analysts polled by FactSet expected sales of $101.4 million.</p><p>Its shares surged over 14% in recent trading on Tuesday.</p><p>Meanwhile, the consumer staples sector fell 2.7%.</p><p>Ridley (ASX:RIC) completed its underwritten institutional placement and the institutional component of its 1-for-7.43 pro-rata accelerated non-renounceable entitlement offer of new fully-paid shares in the firm, raising around AU$99 million.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4134","symbol_name":"信息科技咨询与其它服务","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2535763310","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2535763310","pubTimestamp":1747107203,"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. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"The information technology sector surged 3.7% at midday Tuesday. Stocks rallied globally after the US and China agreed to deescalate trade tensions and reduce tariffs for at least 90 days. The tech-heavy Nasdaq index rose 4.4%, the largest gain in over a month.Life360  reported Tuesday first-quarter net income of $0.05 per diluted share, compared with a net loss of $0.14 a year earlier. Total revenue for the three months ended March 31 was $103.6 million, up from $78.2 million a year earlier. Analysts polled by FactSet expected sales of $101.4 million.Its shares surged over 14% in recent trading on Tuesday.Meanwhile, the consumer staples sector fell 2.7%.Ridley  completed its underwritten institutional placement and the institutional component of its 1-for-7.43 pro-rata accelerated non-renounceable entitlement offer of new fully-paid shares in the firm, raising around AU$99 million.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4134":"信息科技咨询与其它服务","360.AU":"LIFE360 INC-CDI","III":"信息服务","BK7016":"应用软件","RIC.AU":"RIDLEY CORP LTD","BK7117":"农产品","SPLS":"PIMCO Stocks PLUS Active Bond ETF"},"translate_title":"澳大利亚证券交易所午盘板块更新：信息技术股飙升，必需消费品下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RIC.AU":0.9,"SPLS":1,"III":1,"360.AU":0.9},"content_text":"The information technology sector surged 3.7% at midday Tuesday. Stocks rallied globally after the US and China agreed to deescalate trade tensions and reduce tariffs for at least 90 days. The tech-heavy Nasdaq index rose 4.4%, the largest gain in over a month.Life360 (ASX:360) reported Tuesday first-quarter net income of $0.05 per diluted share, compared with a net loss of $0.14 a year earlier. Total revenue for the three months ended March 31 was $103.6 million, up from $78.2 million a year earlier. Analysts polled by FactSet expected sales of $101.4 million.Its shares surged over 14% in recent trading on Tuesday.Meanwhile, the consumer staples sector fell 2.7%.Ridley (ASX:RIC) completed its underwritten institutional placement and the institutional component of its 1-for-7.43 pro-rata accelerated non-renounceable entitlement offer of new fully-paid shares in the firm, raising around AU$99 million.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}