- ASX200 is trading 0.62% higher at 7067.1 on Tuesday.
- ELMO Solutions takes a hit after narrowing FY 2021 guidance range.
- Kia recalls over 57,000 vehicles in Australia over engine fire risk.
The tech sector is trading slightly higher today as Nuix soars nearly 12% after yesterday?s freefall. Computershare is trading 4.43% higher while Appen is up more than 2%.
The Australian market is trading 0.62% higher at 7067.1 just after midday on Tuesday as the gold miners surge for a second straight session.
Bitcoin has rebounded slightly from yesterday?s plummet to trade 3.36% higher at US$44,840.68 at 2pm AEST.
Australian-based HR and payroll cloud-based software company ELMO Software is taking a hit in today?s session after narrowing its FY 2021 guidance range from $81.5m-$85m, to $83-$85m. Investors weren't impressed by the narrowing as it appeared some were betting on the company to achieve the higher end of the guidance range for annualised recurring revenue.
Making headlines, over 57,000 Kia QL Sportage made between 2016-2021, and Kia CK Stringer made between 2017-2019 have been recalled in Australia over engine fire risk even when the cars are parked and switched off. Owners of these vehicles are being urged to not park the car in their garage?s until it is fixed.
And a glitch in the Eufy wireless home security camera systems in the US allowed users to access camera feeds of many houses using the system without them knowing.