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.
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.