The utilities stocks advanced 1.7% at midday Wednesday.

The Reserve Bank of Australia lowered the official cash rate by 25 basis points at its meeting on Tuesday.

Janus Electric Holdings (ASX:JNS) was reinstated to quotation on the Australian Securities Exchange, as part of a relisting of ReNu Energy, and the firm will trade under the ASX code "JNS." Janus Electric's acquisition and ASX relisting were supported by a successful AU$8.8 million capital raise at AU$0.20 per share. Its shares surged 19900% in recent trading.

On the flip side, the industrials sector struggled, shedding 0.5%, the only ASX sector trading in the red.

Dalrymple Bay Infrastructure (ASX:DBI) said that a forecast terminal infrastructure charge at the Dalrymple Bay Terminal would be around AU$3.72 per tonne for the year starting July 1, an around 3.6% increase year over year. It also said that its distribution guidance for the year beginning July 1 would total AU$0.245 per share, to be paid in quarterly distributions, reflecting a 6.5% increase year over year.