- The ASX200 closed 0.39% higher on Friday at 7456.90 points.
- Realty Assist raised $24m for BNPL in the Australian real estate industry.
- Wesfarmers shares rallied on Sigma withdrawing API takeover offer.
The Australian market closed 0.39% higher on Friday at 7456.90 to close out a strong week for the ASX, led by the gold miners surging more than 3.5%. For the week, the ASX gained 1.82%. The RBA also lifted its GDP forecast to 3% over 2021 then 5.5% over 2022 amid expectations of a rapid economic recovery.
The tech sector continued to tumble in afternoon trade, closing the session 1.64% lower as Afterpay fell more than 5.53% while Appen shed 2.39% and Nextdc dipped 1.41%.
Bitcoin is trading 0.77% lower over the last 24-hours at US$62,153.70 at 4:30pm AEDT as New York City?s mayor-elect Eric Adams said in a tweet he wants his first three paychecks in Bitcoin.
Australian-based property market innovator Realty Assist has raised 24 million dollars to meet demand for a buy now, pay later product aimed at the real estate industry. Realty Assist recently added The Agency to its growing number of real estate agencies to accelerate the national rollout of its buy now, pay later real estate finance products.
Making headlines, Wesfarmers share price rallied on Friday as Sigma Healthcare withdrew its takeover proposition for Australian Pharmaceutical Industries today. Wesfarmers is the last standing entity in the race to takeover the Priceline parent company with a current takeover bid of $1.55/API share.
And a startup called Muoverti is preparing to launch its TiltBikes in a bid to give users the closest cycling experience to reality from the comfort of their home.