ASX Midday Sector Update: Technology Stocks Lead Rebound, Materials Struggle
MT Newswires Live
2 hours ago
The information technology stocks jumped over 4% at midday Thursday.
Nanoveu (ASX:NVU), whose shares jumped over 9% in recent trading, said its wholly-owned subsidiary, Embedded A.I. Systems, co-developed a reference design combining STMicroelectronics inertial measurement unit technology, the LSM6DSV16BX, with its ECS-DoT edge-AI System-on-Chip for hearable applications.
On the flip side, the materials sector fell 1% as the conflict in the Middle East continued.
Forrestania Resources (ASX: FRS) said that it completed its takeover of Kula Gold after the completion of the compulsory acquisition process.
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