- ASX200 is trading just 3.3 points higher at 7095.80.
- Swoop soars 130% on ASX debut following $20m IPO fund raise.
- Qantas shares plunge on Victoria COVID-19 snap-lockdown.
The tech sector has rebounded from steep morning losses to trade just higher at mid session as EML Payments surges 4.86%, Megaport is up 2.19% and Nuix is trading 2.06% higher.
The Australian market has see-sawed this morning but is currently trading around 3.3 points higher at 7095.8 following Wall Street?s session of narrow gains overnight. The gold miners are up today boosting the key index while the resources and mining sectors are leading the losses.
Bitcoin is trading 0.91% lower at US$38,084.22 at 12pm AEST as Iran cracks down on the world?s largest cryptocurrency blaming it for blackouts.
Australian-based telecommunications company Swoop has skyrocketed 130% from its listing price at 50 cents/share on its ASX debut today. Following an IPO that was more than 15x oversubscribed, Swoop raised $20 million and its share price is trading at $1.14 at the time of writing.
Making headlines, Qantas shares are trading lower today as Victoria announced a seven day snap-lockdown after 11 new COVID-19 cases were detected in the community overnight taking the total number of positive cases to 34.
And Twitter?s new Clubhouse-like audio rooms will be available for joining from a browser version of the platform from today.