- ASX200 closed 0.27% higher at 7080.8 on Friday.
- Nearmap shares continued to plunge following Eagle View legal action.
- Webjet, Flight Centre and Corporate Travel Management rebound.
The Australian market closed 0.27% higher on Friday at 7080.80 as the gold miners boosted the key index. The ASX200 gained 0.78% for the week.
The tech sector continued its losing streak to a 6th straight session again placing as the worst performing sector on Friday. Nearmap continued to plunge, losing 5.8%, while Afterpay closed the session 4.5% lower.
Bitcoin is trading at US$56,134.22 at 4:15pm AEST, down 1.40% in the last 24-hours.
Shares in Australian-based aerial imagery technology and data company Nearmap continued to plummet today in the aftermath of legal proceedings launched against the company yesterday. Nearmap rival Eagle View alleges Nearmap infringed its patent in relation to its roof estimation technology.
Making headlines, travel stocks like Webjet, Flight Centre and Corporate Travel Management have rebounded in today?s session, with Webjet climbing 7.4% to $4.78/share.
And after a string of crashes Tesla has told regulators that full self-driving cars may not be achieved by the end of the year as first planned.