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    ASX200 rallies; Camplify surges on results; Lendlease offloads services business

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    Highlights
    • ASX200 is trading 1.12% higher at 7333.60 after lunchtime.
    • Camplify rallies 6% after releasing strong Q4 and FY21 results.
    • Lendlease offloads Services business to Service Stream for $310m.

    The Australian market is again following Wall Street?s lead to trade 1.12% higher at 7333.60 just after lunchtime as real estate and energy stocks lead gains on the key index.

    Australian retail sales data for June released today resulted in a 1.8% fall as lockdowns and COVID-19 related restrictions prevented consumers from retail spend.

    The tech sector is also trading in positive territory today as EML Payments, Nuix and Nearmap add over 2% each.

    Bitcoin is relatively flat this afternoon, trading 0.76% higher in the last 24-hours at US$29,877.24 at 1:20pm AEST.

    ASX newcomer Camplify is surging more than 6% today after releasing strong fourth quarter results including gross transaction volumes of $9.6m, up 163% from the prior corresponding period, and a growth rate of 158% for FY21.

    Making headlines, Australian-based multinational construction and property group Lendlease is rallying today after announcing it has entered into an agreement with Service Stream to offload its Services business in a deal worth $310m.

    And Honda has developed an in-shoe navigation system device for visually impaired people whereby the shoes link to a smartphone app and help navigate the person to their desired destination.

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