- ASX200 closed 0.5% higher at a fresh record 7431.40.
- Service Stream rallied on retail entitlement offer release.
- Vmoto surged after releasing strong second quarter results.
The Australian market continued to surge in afternoon trade to close 0.5% higher at a fresh record 7431.40 on Tuesday led by strong rallies for the metals and mining, and resources sectors.
The tech sector extended its downfall into afternoon trade, closing the session almost 1% lower as Nuix again led losses, today shedding nearly 4.5%.
Bitcoin has continued to fall this afternoon, down 4.42% at US$37,253.06 at 4:45pm AEST.
Telecommunication and network services company Service Stream climbed 3% today after releasing its retail offer booklet whereby eligible shareholders will be able to purchase 1 share for every 3 they own for 90 cents per share for the additional shares. The retail entitlement offer is anticipated to raise $55m as the company?s next capital raise for the purchase of Lendlease Group?s non-core services business for $310m.
Making headlines, scooter manufacturing company Vmoto gained almost 5.5% today after releasing second quarter results that impressed investors. The electric-powered scooter manufacturer reported sales of 7854 units, an increase of 23% from the prior corresponding period, and announced it had supplied samples to potential B2B and B2C distributors around the world.
An Australian teenager has been given $20,000 for a unique corn chip found in a packet of Doritos that went viral on TikTok. The ?puff Dorito? was placed on eBay with bids reaching $20,300 within days before it was taken down and the company rewarded the teen $20,000 for her viral find.