- ASX200 rallied 0.32% to a fresh record high 7562.60.
- Megaport rallied 3% on FY2021 results and InnovoEdge acquisition.
- EMVision Medical Devices soared 14% on brain scanner update.
The Australian market rallied 0.32% to a fresh record high 7562.60 on Tuesday as a rally for the tech and communications services sectors led gains on the ASX. Pilbara Minerals and PointsBet Holdings were the session?s winners, jumping 11% and 9.9% respectively.
The tech sector rebounded from Monday?s losses to close higher on Tuesday as Afterpay rallied 3.25%, Megaport added 3.05% and Nearmap finished the day 2.31% higher.
Bitcoin is trading 4.95% higher in the last 24-hours at US$45,395.19 at 4:30pm AEST.
Software-based connectivity provider Megaport rallied 3% today after releasing full year results. For the 12-months ended June 30 Megaport reported revenue of $78.28m, an increase of 35%, and a 32% growth in monthly recurring revenue to $7.5m. Megaport also shared news of its acquisition of InnovoEdge, an AI-powered multi-cloud management system, for US$15m.
Making headlines, EMVision Medical Devices soared more than 14% today after sharing an update on its brain scanner device. EMVision announced that ?fabrication and assembly of the company?s alpha unit of its 1st Gen portable brain scanner intended for commercialisation, has been completed?, bringing the device one step closer to commercialisation after passing a number of compliance tests.
And scientists at Cambridge University are testing an artificial-intelligence system for the potential ability to diagnose dementia after a single brain scan.