- ASX200 is trading 0.38% lower at 7069 on Thursday.
- Rent.com.au surges 14% on RentPay platform launch.
- Travel stocks plummet as COVID restrictions are renewed in Sydney.
The tech sector continues its poor start to May today, posting the biggest losses for the session so far as Nearmap plummets 18% following legal proceedings launched against the company. Appen is also down more than 18% following the release of a presentation this morning.
The Australian market is trading 0.38% lower at 7069 after closing at its highest level since February 2020 yesterday as the tech and communications services sectors weigh down the key index.
Bitcoin is trading 3.20% higher in the last 24-hours at US$56,810.55 at 1:45pm AEST.
Australian-based rental property website Rent.com.au is up nearly 14% today after launching its RentPay platform. The platform will allow tenants easy access to their payment history, flexible payment options and help to build a positive credit score.
Making headlines, renewed restrictions including mandatory mask wearing and capacity limits for venues have been announced for Sydney after two more local cases of COVID-19 were reported today. Travel stocks like Qantas and Sydney Airport are trading more than 1% lower while Webjet shares have plummeted more than 6.5% so far today.
And iconic doughnut leader Krispy Kreme has filed for an IPO in the US to list publicly again, 21 years after the company first went public in 2000 which led to it filing for Chapter 11 bankruptcy before being bought by privately-owned JAB Holding Co in a US$1.35bn deal in 2016.