- ASX200 closed 1.34% higher at a fresh record 7491.40.
- Dicker Data soared 16% on Exceed Group acquisition.
- Seven Network rallied on article covering Olympic audience statistics.
The Australian market has started the new month at a fresh record high, closing Monday?s session 1.34% higher at 7491.40 as an Afterpay-driven tech rally boosted gains on the key index.
Afterpay skyrocketed 19.47% at the closing bell leading the tech sector to a more than 6% gain to finish Monday?s session. Appen added 4% while EML Payments and Wisetech Global each rallied more than 3%.
Bitcoin continues to fall this afternoon, trading 4.85% lower in the last 24-hours at US$39,726.50 at 4:30pm AEST.
Australian-based IT hardware and software distributor Dicker Data soared 16% today after announcing it has entered into a binding agreement to acquire the Exceed Group across Australia and New Zealand for $68 million. With Exceed standing as New Zealand?s second largest IT distributor, the acquisition assists Dicker Data to better compete with New Zealand?s market leader.
Making headlines, shares in the Seven Network rose more than 1% today after an article was released about the TV network?s first weeks of Olympic coverage. According to the article by TV Tonight, the Seven Network captured a ?50% market share during the first weeks of the Olympics compared to the last Olympics in 2016, and Seven?s audience is up 59% across the 5 major metro markets?.
And Sony has blocked McDonalds from releasing a custom McDonalds themed PS5 DualSense controller as a prize giveaway to celebrate the fast food giants? 50th anniversary in Australia.