ASX Midday Sector Update: Financials Stocks Gain, Consumer Staples Down

MT Newswires Live05-14

Financials stocks led gainers with a rise of about 0.1% in midday trading Thursday.

ASX (ASX:ASX) advanced nearly 2% after it appointed Anthony Attia as chief executive, effective Sept. 1.

On the flip side, consumer staples stocks shed 2.3% to lead decliners in a broadly lower market.

Coles Group (ASX:COL) fell past 3% after Australia's Federal Court ruled that the retailer deceived shoppers by advertising discounts on products that, in many cases, were being sold at higher prices.

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