ASX Midday Sector Update: Communication Services Stocks Rise, Materials Sector Struggles

MT Newswires Live07-16

Communication services stocks advanced more than 1% at midday Monday.

Telstra Group (ASX:TLS) inched up marginally in recent trade.

On the flip side, the materials sector struggled, shedding 2%.

BHP Group (ASX:BHP) shares fell nearly 3% in recent trade after approving the execution of its Ministers North iron ore joint venture project in Western Australia with a planned investment of about $900 million.

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