ASX Midday Sector Update: Energy Stocks Jump, Consumer Staples Inches Down

MT Newswires Live

Aug 15

Energy stocks rose almost 1% at midday Friday, as oil prices climbed about 2% on Thursday ahead of a summit between US President Donald Trump and Russian President Vladimir Putin.

The S&P/ASX 200 index hit an all-time intraday high of 8,909 points earlier in the session.

Ampol (ASX:ALD), whose shares jumped over 7%, entered into a share purchase agreement to acquire 100% of the shares in EG Group Australia and EG AsiaPac Holdings for a headline price of AU$1.1 billion. The consideration includes Ampol shares issued to the vendor valued at AU$250 million at the time of signing and subject to escrow arrangements.

Meanwhile, the consumer staples sector was only one of two sectors trading in the red, inching down just 0.06%.

Wellnex Life (ASX:WNX) said its joint-Chief Executive and Managing Director, George Karafotias, resigned as CEO and director. Zack Bozinovski will remain and assume the role of sole CEO.

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