Shares of information technology firms jumped 2% at midday Tuesday, ahead of the Reserve Bank's interest rate decision due later.
Xero (ASX:XRO) reaffirmed its fiscal year 2026 guidance and said that it anticipates total operating expenses to be about 70.5% of revenue for the fiscal year.
On the flip side, the utilities sector, the only sector trading in the red on the Australian Stock Exchange, fell 0.5%.
Shares of Origin Energy (ASX:ORG) fell nearly 1% in recent trade.
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