- ASX200 is trading 0.23% lower at 7474.40 after lunchtime.
- Humm rallies on a new partnership deal with LG Energy Solution.
- Parkd skyrockets 78% on two new partnership deals signed.
The Australian market has pulled back from Monday?s record close to trade 0.23% lower at 7474.40 after lunchtime, as heavy losses among the metals and mining, resources and materials sectors offset a surge in tech stocks.
The tech sector is rallying more than 4% today so far as Afterpay again soars more than 12% on yesterday?s takeover announcement, while Appen and EML Payments are also up more than 5% each.
Bitcoin is trading 1.71% lower at US$39,030.04 at 1pm AEST.
Australian-based buy now, pay later provider Humm is climbing today after announcing a partnership with LG Energy Solution to enter the Virtual Power Plant (VPP) market. The partnership strengthens Humm?s leading position in financing solar installations in Australia.
Making headlines, Australian construction technology company Parkd is skyrocketing over 78% today after sharing two new updates. The first announcement advised that Parkd has signed a memorandum of understanding (MOU) with the University of South Australia, and the second announcement was that Parkd has signed a binding heads of agreement (HOA) with Axiom Properties to develop and construct car parks in the private and public sectors.
And Telstra has made the move to offer all 15,000 plus payphones across Australia free to make domestic calls on moving forward.