ASX closed lower; BrainChip tanked 10% on new CEO appointment; Best & Less dipped on FY22 update.

The Australian market traded lower for all of Tuesday?s session before closing 0.67% lower at 7420.40 points as the materials, metals and mining sectors weighed down the ASX. Mesoblast and Pendal Group were the worst performing stocks today, tumbling 8.68% and 4.39% respectively.

The tech sector rebounded in afternoon trade to close the session higher as more than 1% gains for Nextdc, Afterpay and Technology One offset heavy losses for Nearmap and Tyro Payments.

Bitcoin is trading 7.03% lower over the last 24-hours at US$61,197.79 at 4:30pm AEDT.

Australian-based tech development company Calix soared 11.20% today following the company?s AGM this morning. During the AGM, Calix?s achievements in the last year were shared including the re-structuring of the company?s 5 focused lines-of-business, the completion of a $19m capital raise to accelerate the growth of each business and achieved 36% growth in revenue for the Water business to $19.2m, among other significant achievements.

Making headlines, Best & Less shares took a hit today after the company released a trading update on the first 20-weeks of FY22, noting COVID-19 related disruptions have continued to impact sales. For the first 20-weeks, Best & Less reported sales are down 1.3% from the same period a year earlier, but sales for the 12-weeks ending November 14 were up 5.6% PCP, and online sales grew 34.9% over the same 12-week period.

And after years of work with Apple, Tobii Dynavox is ready to launch the TD Pilot; a device for iPads that allows users with speech and mobility restrictions, to use their eyesight to operate an iPad.