- ASX200 is 1.03% higher at 6999.3 at 1:15pm AET.
- Commonwealth Bank slapped with $7m fine for misleading conduct.
- Creso Pharma surges on new Canadian purchase orders.
The tech sector is trading higher today as EML Payments continues to lead the gains, up 4% with flow on momentum from yesterday?s acquisition announcement. Link Administration, Xero and Afterpay are also up more than 1% each.
The Australian market is rallying today, up 1.03% at 6999.3 points just after 1pm AET, slightly lower than this morning?s 52-week high of 7012.4, as the big banks boost the key index.
Bitcoin continues to slide, down 2.5% at 1:15pm AEST at US$56,388.95.
ASIC has handed the Commonwealth Bank a $7m fine for misleading and deceptive conduct for overcharging interest on thousands of customers? overdraft facilities. Customers were told they would be charged 16% per annum but were actually charged 34% per annum.
Australian-based Creso Pharma is rallying today after sharing news that its Canadian subsidiary Mernova Medicinal secured new purchase orders valued over C$145,000 from the Ontario Cannabis Store and Yukon Liquor Corporation.
And the French army has joined the Spot bandwagon, using the Boston Dynamics robot dog in combat training scenarios.