Information technology stocks advanced 0.76% at midday Monday.

The Australian bourse tracked US futures lower after ratings agency Moody's downgraded the US credit score to Aa1 from AAA.

Gentrack Group (ASX:GTK, NZE:GTK) reported that its earnings per diluted share in the fiscal first half rose to NZ$0.06, from NZ$0.05 per diluted share a year earlier. Revenue for the six months ended March 31 was NZ$112 million, up 10% from NZ$102 million in the same period last year.

The energy sector struggled, falling 1.77%, after oil prices fell.

Conrad Asia Energy (ASX:CRD) said its shareholders approved a settlement agreement its subsidiary West Natuna Exploration signed with Coro Energy and Coro Energy Duyung (Singapore). The agreement outlined the transfer of Coro Duyung's 15% participating interest in the Duyung Production Sharing Contract, operated by West Natuna, to West Natuna, bringing its total interest to 91.5%.