Business news

    ASX closed green; Freelancer soared 10%; CBA hits record high share price

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    Highlights
    • ASX200 closed 0.22% higher at 7045.90 to start the week.
    • Freelancer surged 10% on the Loadshift acquisition announcement.
    • Commonwealth Bank hits record high share price $99.16.

    The Australian market started the week in positive territory gaining 0.22% at the closing bell to finish the day at 7045.90 boosted by strong gains for the gold miners and health care stocks.

    The tech sector posted a narrow gain as Nuix gained 3.68%, Appen added 2.97% and Codan closed the session 2.67% higher.

    Bitcoin is trading 3.22% lower in the last 24-hours at US$35,400.66 at 4:30pm AEST.

    The Freelancer share price surged 10% today after announcing the acquisition of Loadshift through its partially-owned subsidiary Freightlancer for $7.7m. Loadshift has grown to become Australia?s largest online heavy haulage freight marketplace.

    Making headlines, The Commonwealth Bank hit a record high share price today at $99.16. The big bank announced on Friday that it will raise interest rates on its 3 and 4-year fixed-term owner-occupier loans by 0.05% and investor only loans by 0.1% which could add to its bottom line. Investors will now eagerly await any management signs of upping the dividend as the share price edges close to cracking $100/share.

    And Tinder, Bumble and Hinge are among a list of dating apps encouraging users to get vaccinated through vaccine-focused new features with the promise of getting more matches.

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