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ASX Midday Sector Update: Materials Stocks Soar, Healthcare Sector Struggles


MT Newswires - Shutterstock
MT Newswires -Shutterstock

Materials stocks advanced nearly 2% at midday Friday.

BHP Group (ASX:BHP) gained almost 2% in recent trade even after reports that the miner is facing another strike from members of three unions in Western Australia’s Pilbara region who have decided to impose a 24-hour ship-loading ban on Aug. 8 and will also down tools on Aug. 9.

On the flip side, the healthcare sector struggled, shedding more than 2%.

CSL (ASX:CSL) shares fell past 4% in recent trade.



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