ASX Midday Sector Update: Utilities Stocks Rise, Energy Sector Leads Selloff

MT Newswires Live

Oct 17

The utilities stocks advanced almost 1% at midday Friday.

De.mem (ASX:DEM), which jumped over 9% in recent trade, signed a binding agreement to acquire Western Australia-based Core Chemicals for a total consideration of around AU$3 million. Kit Heng Chia, the operations manager and co-vendor of Core Chemicals, will retain his role post-transaction, joining the De.mem management team.

Meanwhile, the energy sector fell almost 2%, amid concerns over the ongoing trade tensions between the US and China, as well as stress in credit markets.

NexGen Energy (ASX:NXG), whose shares fell over 5%, closed its AU$1 billion share offering, consisting of the sale of 33.1 million of the company's North American shares at CA$12.08 per share, and 45.8 million of the company's Chess Depository Interests (CDI) at AU$13.1 per CDI. The proceeds will be used to advance the company's Rook project in Canada and for general corporate purposes.

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/2576570980"},"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:\"2576570980\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2576570980?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-10-17 10:33","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2576570980","market":"sh","top_or_hot":-1,"title":"ASX Midday Sector Update: Utilities Stocks Rise, Energy Sector Leads Selloff","media":"MT Newswires Live","content":"<html><body><p> The utilities stocks advanced almost 1% at midday Friday.</p><p>De.mem (ASX:DEM), which jumped over 9% in recent trade, signed a binding agreement to acquire <a href=\"https://laohu8.com/S/WER.AU\">Western Australia</a>-based Core Chemicals for a total consideration of around AU$3 million. Kit Heng Chia, the operations manager and co-vendor of Core Chemicals, will retain his role post-transaction, joining the De.mem management team.</p><p>Meanwhile, the energy sector fell almost 2%, amid concerns over the ongoing trade tensions between the US and China, as well as stress in credit markets.</p><p>NexGen Energy (ASX:NXG), whose shares fell over 5%, closed its AU$1 billion share offering, consisting of the sale of 33.1 million of the company's <a href=\"https://laohu8.com/S/FNCSF\">North American</a> shares at CA$12.08 per share, and 45.8 million of the company's Chess Depository Interests (CDI) at AU$13.1 per CDI. The proceeds will be used to advance the company's Rook project in Canada and for general corporate purposes.</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: Utilities Stocks Rise, Energy Sector Leads Selloff</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: Utilities Stocks Rise, Energy Sector Leads Selloff\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\">2025-10-17 10:33</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> The utilities stocks advanced almost 1% at midday Friday.</p><p>De.mem (ASX:DEM), which jumped over 9% in recent trade, signed a binding agreement to acquire <a href=\"https://laohu8.com/S/WER.AU\">Western Australia</a>-based Core Chemicals for a total consideration of around AU$3 million. Kit Heng Chia, the operations manager and co-vendor of Core Chemicals, will retain his role post-transaction, joining the De.mem management team.</p><p>Meanwhile, the energy sector fell almost 2%, amid concerns over the ongoing trade tensions between the US and China, as well as stress in credit markets.</p><p>NexGen Energy (ASX:NXG), whose shares fell over 5%, closed its AU$1 billion share offering, consisting of the sale of 33.1 million of the company's <a href=\"https://laohu8.com/S/FNCSF\">North American</a> shares at CA$12.08 per share, and 45.8 million of the company's Chess Depository Interests (CDI) at AU$13.1 per CDI. The proceeds will be used to advance the company's Rook project in Canada and for general corporate purposes.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NXG.AU","symbol_name":"NEXGEN ENERGY LTD-CDR","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2576570980","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2576570980","pubTimestamp":1760668401,"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 utilities stocks advanced almost 1% at midday Friday.De.mem , which jumped over 9% in recent trade, signed a binding agreement to acquire Western Australia-based Core Chemicals for a total consideration of around AU$3 million. Kit Heng Chia, the operations manager and co-vendor of Core Chemicals, will retain his role post-transaction, joining the De.mem management team.Meanwhile, the energy sector fell almost 2%, amid concerns over the ongoing trade tensions between the US and China, as well as stress in credit markets.NexGen Energy , whose shares fell over 5%, closed its AU$1 billion share offering, consisting of the sale of 33.1 million of the company's North American shares at CA$12.08 per share, and 45.8 million of the company's Chess Depository Interests  at AU$13.1 per CDI. The proceeds will be used to advance the company's Rook project in Canada and for general corporate purposes.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"NXG.AU":"NEXGEN ENERGY LTD-CDR","BK7100":"水公用事业","DEM.AU":"DE.MEM LTD","BK7083":"煤与消费用燃料"},"translate_title":"澳大利亚证券交易所午盘板块更新：公用事业股上涨，能源板块领跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DEM.AU":1,"NXG.AU":1},"content_text":"The utilities stocks advanced almost 1% at midday Friday.De.mem (ASX:DEM), which jumped over 9% in recent trade, signed a binding agreement to acquire Western Australia-based Core Chemicals for a total consideration of around AU$3 million. Kit Heng Chia, the operations manager and co-vendor of Core Chemicals, will retain his role post-transaction, joining the De.mem management team.Meanwhile, the energy sector fell almost 2%, amid concerns over the ongoing trade tensions between the US and China, as well as stress in credit markets.NexGen Energy (ASX:NXG), whose shares fell over 5%, closed its AU$1 billion share offering, consisting of the sale of 33.1 million of the company's North American shares at CA$12.08 per share, and 45.8 million of the company's Chess Depository Interests (CDI) at AU$13.1 per CDI. The proceeds will be used to advance the company's Rook project in Canada and for general corporate purposes.","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"}}}