ASX Midday Sector Update: Information Technology Stocks Rise Marginally, Materials Struggle

MT Newswires Live05-20 11:08

Information technology stocks advanced nearly 1% at midday Wednesday.

Xero (ASX:XRO) shares rose marginally in recent trade after disclosing a multi‑year deal with New Zealand Rugby, becoming its official small business accounting platform partner.

Meanwhile, the materials sector struggled, shedding more than 2%.

BHP Group (ASX:BHP) shares were down nearly 2% in recent trade.

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