- ASX200 closed 1.27% higher on Thursday at 7019.60.
- Sezzle surged on long-term financing offering launch.
- Flight Centre stocks tumbled on Qantas commission reduction.
The Australian market returned to positive territory today, closing the session 1.27% higher at 7019.60 as tech stocks posted strong gains, driving up the key index.
Australia?s unemployment data for April fell 0.2% to 5.5% indicating the end of JobKeeper had minimal impact on the nation?s jobless rate.
The tech sector was the leading sector today, surging more than 4.3% at market close as Afterpay skyrocketed 7.69%, Altium gained 6.55% and Appen closed the session 4.66% higher.
Bitcoin has leveled out this afternoon to trade just 0.87% lower in the last 24-hours at US$39,402.55 at 4:20pm AEST.
US-based Buy Now, Pay Later provider Sezzle surged today after announcing the launch of its long-term financing options with Ally lending, the personal lending division of Ally Bank. The expansion of Sezzle?s product offerings makes Sezzle more competitive with the likes of Zip Co?s Zip Money.
Making headlines, Flight Centre shares took a hit today following Qantas? market update revealing a sustained rebound in domestic travel demand is continuing to drive the company?s pandemic recovery. The big hit for Flight Centre was Qantas announcing it is reducing costs of sale by lowering front-end commissions paid to travel agents on international tickets from 5% to 1%.
And Google is rolling out a new feature for the Google Phone app that announces who is calling when a user?s phone starts ringing.