- The ASX200 is up 3.4 points at 6860.30 mid session on Thursday.
- Vita Group hit hard by Telstra ownership transition announcement.
- Sezzle has secured a US$250m warehouse funding facility for expansion.
The tech sector is weighing on the market today, down 1.89% as Nearmap plummets 7.3% before entering a trading halt following J Capital Research reporting Nearmap?s US business was performing poorly.
The Australian market is flat today, up just 3.4 points after lunch at 6860.30, as losses by Nearmap and Amp outweigh the gold miners? gains.
Bitcoin continues to trade around US$44,700 at 1:45pm AEDT, while Ethereum has paired back from yesterday?s record high to trade around US$1726.40 this afternoon.
Vita Group shares have plunged 31% today following the release of Telstra?s half year results. The report included a huge blow for Vita who currently operate 104 of Telstra?s retail stores across Australia, as the telco-giant announced plans to transition into full ownership of all Australian stores moving forward.
In the headlines, US buy now pay later play, Sezzle is rising up the competitive ranks after securing a US$250million warehouse funding facility with Goldman Sachs and Bastion Funding to expand its operations in the US and Canada. Sezzle shares are up 67% in 2021.
And Amazon Alexa is taking over the household doorbell with the new Ring Video Doorbell Pro features. Upon arrival, Alexa now greets guests and asks questions to determine their purpose for visiting the property, even telling delivery workers where to put parcels on the premises.