- ASX200 closed 5.3 points higher on Friday at 7060.7.
- Kogan.com crashes on disappointing third quarter results.
- WA entering a 3-day lockdown after COVID-19 cases in community.
The Australian market closed up just 5.30 points on Friday to 7060.7, overturning this morning?s losses driven by the miners. For the week the key index remains virtually unchanged.
Tech stocks finished the session lower on Friday despite Nuix surging nearly 7% and Megaport gaining 5%. Losses amongst Computershare, Afterpay and EML Payments offset the gains.
Bitcoin continues to plummet this afternoon, trading 9.66% lower at US$49,363.53 at 4:05pm AEST.
Australian-based ecommerce company Kogan crashed 14% in today?s session after releasing disappointing third-quarter results including a jump in operating costs that led to operating earnings declining 24% compared to the same period a year earlier.
Making headlines, Western Australia will enter a 3-day lockdown as of 12am Saturday morning following two positive COVID-19 cases in the community.
And Australians are being warned to avoid cybercriminals and fraudsters who are offering COVID-19 vaccines for sale in exchange for cryptocurrency in the latest online scam.