Business news

    ASX closed higher; Rewardle reps rewards of Splitit deal; Woolworths plunged on update

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    Highlights
    • ASX200 closed 0.25% higher at 7082.30 on Thursday.
    • Rewardle skyrocketed 300% after announcing Splitit deal.
    • Woolworths shares plunged on Q3 update and Darwin site rejection.

    The Australian market has continued its green run, closing Thursday?s session 0.25% higher at 7082.30 fuelled by strong gains among tech stocks and the gold miners.

    The tech sector led the gains in today?s session as Megaport soared more than 5% and Afterpay added nearly 3.5% which offset Nuix?s more than 5% loss.

    Bitcoin continues to remain steady this afternoon, trading just 0.33% higher in the last 24-hours at US$54,497.66 at 4:30pm AEST.

    Australian-based internet marketing company Rewardle skyrocketed over 300% higher in today?s session after announcing a partnership with BNPL provider Splitit to provide professional services in the form of strategy and technical consulting to assist acceleration of Splitits? growth targeting the UK and European markets.

    Making headlines, Woolworths shares plunged today after releasing third quarter results including a 0.4% increase in group sales to $16,566 million, and announcing its planned Dan Murphy?s store development in Darwin will not proceed following an independent inquiry into the site and public concerns.

    And two Instagram influencers have left followers unimpressed after posting pictures in a Balinese supermarket with masks painted onto their faces, disregarding current COVID-19 restrictions in the region.

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