ASX Midday Sector Update: Communication Services Stocks Advance, Information Technology Sector Struggles

MT Newswires Live
Sep 02

Communication services stocks advanced nearly 1% at midday Wednesday.

Telstra Group (ASX:TLS) gained 2% in recent trade after releasing the findings of an external expert investigation into its July mobile network outage, confirming the company's previous conclusion that the incident was triggered by a technical issue.

On the flip side, the information technology sector struggled, shedding more than 3%.

Xero (ASX:XRO) shares fell nearly 3% in recent trade.

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