Business news

    ASX closed higher; DroneShield surged on order payment; Csl cops AstraZeneca troubles

    Article Image
    Highlights
    • ASX200 closed 2.9 points higher at 6976.9 on Tuesday.
    • DroneShield soared on final payment receipt from the Middle East.
    • Csl slips with ongoing AstraZeneca COVID-19 vaccine issues.

    The Australian market closed slightly higher by 0.04% or 2.9 points at 6796.9 on Tuesday as tech stocks fuelled the key index.

    The tech sector led the gains driven by Zip Co skyrocketing nearly 18% on the back of record revenue posted in third quarter results.

    Bitcoin is trading up 0.97% at US$60,936.99 at 4:30pm AEST as one of the world?s biggest asset managers, State Street Corp, joins the growing list of financial institutions planning to enter the crypto market through a digital-asset-custody service.

    Australian-based electronic warfare developer DroneShield surged nearly 15% today after sharing news that it has received a $2.3m payment which is the remaining balance on an order from the Middle Eastern Ministry of Defence. The order was delivered in 2020 and was DroneShields? first multimillion-dollar order.

    Making headlines, Csl?s share price has taken a hit today following the ongoing troubles with the AstraZeneca vaccine both in Australia and overseas. A second confirmed case of blood clotting was confirmed in Australia today following receipt of the AstraZeneca vaccine.

    And Nuro driverless cars will begin delivering Domino?s pizzas as part of a pilot program in Houston from this week. Prepaid orders for some customers will be dropped off via the Nuro cars with customers just requiring to enter a unique PIN sent to them in order to receive the pizza?s on board.

    Disclaimer

    Grafa is not a financial advisor. You should seek independent, legal, financial, taxation or other advice that relates to your unique circumstances. Grafa is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on the information provided directly or indirectly by use of this platform.

    Publisher
    Grafa