- The ASX200 is trading 0.85% lower at 7383.50 after lunchtime.
- PointsBet rallies 5% on a new partnership with the NHL Alumni Association.
- Ingham?s tanks more than 7% after outlining the impacts of omicron.
The Australian market is trading lower again today, down 0.85% at 7383.50 after lunchtime as a sell-off in financials and consumer staples stocks drags down the key index. Novonix is leading losses today as investors take some profits from yesterday?s rally. The All Ords is trading 0.69% lower after lunchtime at 7712.50 as City Chic Collective tumbles 8.8%.
The tech sector is trading just under 0.5% lower today as Novonix weighs down the sector, while Codan adds 2.47% and Afterpay climbs 1.63%.
Bitcoin is trading 0.22% higher over the last 24-hours at US$41,875.30 at 1:15pm AEDT.
PointsBet shares are rallying just under 5% today after the online sports betting company announced a new partnership for PointsBet Canada with the NHL Alumni Association (NHLAA). Under the multi-year deal, PointsBet Canada will be the Exclusive Sports Betting Partner with the NHLAA in Canada and Official Partner in the US.
Making headlines, Ingham?s shares are diving more than 7% today after the Australian-based poultry producer announced the omicron variant of COVID-19 is continuing to impact operations at its facilities. The update outlined how the rapid spread of omicron is resulting in staff shortages, significant impacts on supply chain, operation and logistics and will lead to impacted sales.
And Maserati has become the first Italian sports car manufacturer to join the Formula E series in 2023 promising to debut with a Gen 3 Formula E chassis which it says will be the fastest ever.