ASX Midday Sector Update: Information Technology Stocks Jump, Utilities Struggle

February 25, 2026 - 07:27

Shares of firms in the information technology sector jumped 6% at midday Wednesday, leading the market's advance. The standout performer was logistics software giant WiseTech Global, whose strong gains significantly contributed to the sector's impressive rally. This surge reflects a broader investor shift towards growth-oriented stocks, buoyed by positive sentiment in global tech markets and optimism surrounding corporate earnings within the sector.

In stark contrast, utilities stocks struggled, trending lower as investors moved capital away from these traditional defensive plays. The sector's underperformance highlights the current risk-on mood prevailing on the exchange, where higher-yielding and cyclical assets are in favor. Analysts note that the divergence between the high-flying tech names and the lagging utilities is a clear indicator of the day's trading dynamics.

The overall market sentiment remains cautiously optimistic, with the information technology sector's strength providing substantial support to the benchmark indices. Market participants are closely monitoring these sectoral rotations, which are often driven by changing expectations for interest rates and economic growth. The midday session has set a clear tone, with technology innovation outpacing stable, income-focused utilities as the driver of Wednesday's activity.