- ASX200 is trading 0.32% lower at 7289.70 after midday.
- Propell Holdings is soaring 76% after announcing Zip Co partnership.
- REA Group completed acquisition of Mortgage Choice for $1.95/share.
The tech sector is in positive territory today as Nuix rebounds from yesterday's plunge to trade almost 6% higher and EML Payments is up 5.46%.
The Australian market is trading 0.32% lower at 7289.70 in its first day of trade for the new financial year as Consumer Discretionary stocks lead losses on the key index. Today?s worst performer so far is Chalice Mining down 5.19%.
Australia has recorded a trade surplus for May as trade balance data out today showed exports totalling $42.2bn while imports came in at $32.55bn, showing a surplus of $9.68bn for the month.
Bitcoin is trading lower again this afternoon, down 3.41% in the last 24-hours at US$34,306.67 at 1:15pm AEST.
Australian-based FinTech company Propell Holdings is skyrocketing 76% today after announcing its first move into the BNPL space through a partnership with Zip Co to allow Propell?s SME customers to offer BNPL as a payment option to anyone purchasing their goods or services.
Making headlines, REA Group has completed its acquisition of Australia?s leading mortgage broking business Mortgage Choice for $1.95/share, valuing the company at $244m. Mortgage Choice brings over 380 franchises and 500 brokers to the REA Group.
And IKEA has launched a collection of 10 Loveseats designed and created by artists in the 2SLGBTQ+ community to celebrate pride month.