- ASX200 is trading 0.27% lower at 7294.90 after midday.
- Payright surges nearly 10% on record quarterly results.
- Bigtincan rallies on T-Mobile $6.3m contract extension.
The Australian market is trading in negative territory today, 0.27% lower at 7294.90 after lunchtime as healthcare and tech stocks weigh down the key index.
The tech sector continues to trade in negative territory today as Appen again leads losses among tech stocks, currently trading 5.26% lower. Wisetech Global, Nearmap and Xero are also down by more than 2% each.
Bitcoin remains relatively stable this afternoon, trading 1.25% lower at US$33,918.40 at 1:45pm AEST.
Australian-based buy now, pay later provider Payright is rallying almost 10% today after announcing it exceeded all forecasts across key metrics for FY2021, including a record fourth quarter. Payright reported record quarterly GMV of $26.1 million, up 134% on the same period a year earlier, and a record 6000 new customers on the platform for the quarter.
Making headlines, sales enablement automation company Bigtincan is also climbing today after announcing a $6.3m contract extension with US-based telco giant T-Mobile over a two-year period, taking the total value of the contract to $18.4m since inception.
And Airbnb has blocked over 50,000 summer bookings across 15 US cities as part of its crackdown on parties over the holiday season, to prevent further spread of the coronavirus.