ASX Midday Sector Update: Materials Stocks Jump, Consumer Staples Move Downwards

MT Newswires Live
Aug 25

The materials sector jumped almost 3% at midday Monday as iron ore prices jumped over 1.8% to $102.4 per tonne.

The ASX/S&P 200 hit an intraday trading record of 9054.50 points earlier in the session.

Pilbara Minerals (ASX:PLS), whose shares were up 4%, reported that it swung to a loss of AU$0.0633 per share in fiscal year 2025 from a profit of AU$0.845 a year earlier. Operating revenue for the 12 months ended June 30 was AU$768.9 million, compared with AU$1.25 billion a year earlier

On the other hand, the consumer staples sector fell 1%.

Endeavour Group (ASX:EDV), whose shares were down 2%, reported fiscal year 2025 earnings of AU$0.237 per share, down from AU$0.286 a year earlier. Revenue for the 12 months ended June 30 was AU$12.06 billion, compared with AU$12.31 billion a year earlier. Analysts surveyed by FactSet expected AU$12.09 billion.

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

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10