- ASX200 closed 0.73% lower at 7044.9 on Wednesday.
- Aerometrex surged after Alphabet signed significant purchase order.
- Sydney Airport plunged on Federal Government vaccine rollout delay.
The Australian market continued its downward trend closing the midweek session 0.73% lower at 7044.9. The Utilities and Energy sectors weighed down the key index, despite the Federal Budget including favourable spending packages.
The tech sector overcame yesterday?s heavy losses to finish the midweek session in the green as Nearmap gained more than 4%, Nuix and Link Administration Holdings each climbed more than 3% and Xero finished the day up 2.25%.
Bitcoin continues to trend upwards this afternoon, trading 3.43% higher at US$57,238.40 at 4:40pm AEST.
Australian-based geospatial tech company Aerometrex soared 18.5% in afternoon trade after announcing Alphabet subsidiary Google LLC had signed a significant purchase order. The company also delivered an investor presentation highlighting some key growth areas today.
Making headlines, Sydney Airport shares plunged more than 5% today on the back of the Federal Budget released yesterday. The Federal Government pushed back its anticipated timeline for the completion of Australia?s COVID-19 vaccine rollout to the end of this year, meaning a delay in the reopening of international borders.
And researchers in Singapore have discovered a way to control Venus Flytrap plants using electric signals from a smartphone, with hopes to expand the range of uses in future from robotics to utilising the plants as environmental sensors.