- ASX200 closed 0.56% lower at 6708.20.
- Collins Foods soars on strong pandemic performance results.
- Sydney Airport plunges on heavy passenger declines.
The Australian market extended its decline today, closing the session 0.56% lower at 6708.2 as the energy sector dragged on the key index. Woodside shed 3.25% while Oil Search and Santos each fell more than 2%.
The tech sector finished the session flat as notable gains for Altium, Computershare and Appen balanced out losses for EML Payments, Afterpay and Megaport.
Bitcoin is trading at US$57,790.09 at 4:30pm AEDT, down 2% in the last 24-hours.
Collins Foods shares were in strong demand today after the KFC Australia franchisee released strong pandemic performance results. For the six months ended December 31 Collins Foods reported 11.3% revenue growth to $499.6m and a net profit of $27.5m, up 15.1% from the same half a year earlier.
Making headlines, Sydney Airport slumped today after monthly passenger figures for February were released showing a 79.8% decline in total passengers YoY, and an 87.8% decline in total passengers YTD.
And Australian songwriter and producer Flume jumped on the NFT bandwagon selling a 90-second digital token of his music for $66,000 last week. In response to the sale, Flume said it?s ?kind of ridiculous?.