Financial Wire

Sector Update: Energy

-- Energy stocks were sharply lower late Friday afternoon, with the NYSE Energy Sector Index dropping 3.5% and the State Street Energy Select Sector SPDR ETF (XLE) falling 2.8%.

The Philadelphia Oil Service Sector Index declined 1%, and the Dow Jones US Utilities Index decreased 0.6%.

Front-month West Texas Intermediate crude oil slumped 10% to $84.78 a barrel, and the global benchmark Brent crude contract dropped 8.6% to $90.82 a barrel. Henry Hub natural gas futures rose 1.2% to $2.68 per 1 million BTU.

In corporate news, Exelon (EXC) shares fell 1.5% after multiple brokerages downgraded the energy provider.

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Research Alert: CFRA Initiates Coverage On Shares Of Klarna Group Plc With A Hold Rating

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SUPCON's 2025 Profit Drops 60%, Revenue Slips 12%; Shares Down 5%

SUPCON Technology's (SHA:688777) net profit attributable to shareholders in 2025 dropped 60% to 441.5 million yuan from 1.12 billion yuan a year earlier, according to a Shanghai bourse filing on Tuesday.Earnings per share fell 61% year on year to 0.56 yuan from 1.42 yuan.Operating revenue slipped 12% to 8.07 billion yuan from 9.14 billion yuan in the previous year.The industrial automation control products manufacturer's shares fell 5% during the morning trade.

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Aspial Lifestyle Prices SG$28 Million Worth of Bonds; Shares Up 7%

Aspial Lifestyle (SGX:5UF) priced SG$28 million worth of 5.10% bonds due 2029, under its SG$300 million multicurrency medium-term bond program, according to a Monday filing with the Singapore Exchange.Shares of the retail brand were up over 7% in Tuesday's late-morning trading.The bonds will be consolidated and form a single series with the existing SG$75 million 5.10% bonds due 2029.DBS Bank was appointed as the sole dealer for the bonds.Net proceeds raised from the issue of the bonds will be used for general corporate purposes.The bonds are expected to be listed on April 30, the filing added.

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Sector Update: Energy | Financial Wire