- ASX200 closed 0.44% higher at 7064.7 on Wednesday.
- Kogan surged on March quarter detail clarification.
- JB Hi-Fi shares plunged on shock exit news of CEO Richard Murray.
The Australian market closed the midweek session 0.44% higher at 7064.7 as the energy and financial sectors boosted the key index.
Tech stocks reversed morning session losses to close higher as Appen and Wisetech gained 3% respectively offsetting a 6% loss for Link Administration.
Bitcoin is trading 0.64% lower at US$54,287.10 at 4:30pm AEST.
Australian e-commerce giant Kogan.com.au was the headline gainer after providing clarifying on its March quarter results last Friday including further detail to a 65% lift in revenue.
Indian food delivery startup Zomato filed for a $1.1bn IPO today, becoming the first tech unicorn startup from the world?s second largest internet market.
Making headlines, Australian retail entertainment giant JB Hi-Fi took a hit in today?s session following the shock news of the CEO Richard Murray?s exit after 7-years in the role. Murray is reportedly taking on a new challenge in August and will be replaced by former CEO Terry Smart.
And Facebook has been exposed for allowing teenagers? profile data to be collected and used for targeted ads around gambling, alcohol and cigarettes as found in a new report by Reset Australia.