- ASX200 down 0.19% at 6781.20 just after lunchtime.
- BOQ to acquire ME Bank for $1.325BN.
- Singular Health soars on purchase order announcement.
The tech sector is down today as Appen and Iress lead the losses for tech stocks, shedding more than 3% each.
Douugh is also down 2% today as investors continue to sell-off the financial app company?s shares following the release of user numbers last week.
Pandemic favourite Afterpay is set to report results this week, with an expected first-half revenue around $446M. Zip Co is also reporting on Thursday with anticipation of a $9.7M first-half EBITDA loss from Zip.
The Australian market started the session higher but is down just after midday as the health sector weighs on the market.
Bitcoin has pared back from an all-time high this morning to trade around US$56,600 at 2:30pm AEDT. The world?s largest cryptocurrency has surged almost 500% in the last 12 months.
Making headlines, the Bank of Queensland announced it will buy ME Bank for $1.325BN in a deal deemed a "transformative acquisition" to expand and double its retail bank.
In tech news, after recently debuting on the ASX, Singular Health is soaring more than 10% today following a new $170,000 purchase order announcement from FlowCentric Technologies to trial Singular Health?s GeoVR software.
Australia?s first doses of the Pfizer vaccine have been administered this morning as the biotech said one dose of the vaccine is highly effective against COVID-19 and the doses can last two weeks in a standard freezer.
And Boeing is recommending carriers halt some 777 flights pending the Federal Aviation Administration?s inspection results of a United Airlines flight that suffered a right engine failure over the weekend.