- ASX200 is trading 0.96% higher at 7049.4 on Friday.
- Humm shares surge 8% following a positive UBS broker note.
- Treasury Wines surges on Goldman Sachs increase & investor update.
The tech sector is trading slightly higher today as notable gains for Computershare, Afterpay and Nextdc offset losses for Xero and EML Payments.
The Australian market has rebounded from yesterday?s 5-week low close to trade 0.96% higher at 7049.4 just after lunchtime as Property and Energy stocks boost the key index.
Bitcoin continues to trend lower, shedding 0.59% in the last 24-hours trading at US$49,314.59 at 2pm AEST.
US-based Buy Now, Pay Later player Humm is rallying more than 8% today after UBS released a positive broker note about the BNPL provider this morning in response to its strong third quarter update. UBS placed a $1.60/share price target on Humm shares.
Making headlines, Treasury Wines is surging today following the release of an investor update yesterday prompting Goldman Sachs to lift their share price target 14% to $10.60/share for Treasury Wines. The update yesterday included information on the company?s rapid transformation after its fall out with China and a renewed focus on growing premium offerings.
And Pinterest is expanding into live events as the creative social media platform is planning to host a three-day virtual event featuring live-streamed sessions from top creators.