- ASX200 is trading 0.94% higher at 7377.70 after midday.
- PayGroup surges 8% on guidance revision & Q1 results.
- BHP rallies after signing a nickel supply agreement with Tesla.
The Australian market is trading 0.94% higher at 7377.70 after midday as a rebound in oil price sparked a rally for the miners and energy stocks.
The tech sector is also trading in positive territory today with Computershare leading the gains up 5.13%, while Link Administration is trading 3.06% higher and Nuix is up 2.73% despite analysts suggesting it is likely to drop out of the ASX200 in September.
Bitcoin is trading 7.12% higher in the last 24-hours at US$31,913.10 at 1pm AEST.
Leading payroll and human capital management solutions provider PayGroup is surging more than 8% today after releasing a quarterly business update and revising its guidance for the 2022 FY. For the quarter ended 30 June 2021, PayGroup recorded $4.6m in new contracts, an increase of 53% on the previous corresponding period. The company also upgraded its guidance from $27.2m to between $35m and $37m for FY22
Making headlines, BHP shares have rallied 3% today after the mining giant announced the signing of a nickel supply agreement with EV leader Tesla. Under the deal BHP will supply Tesla with nickel from its Nickel West asset in Western Australia, ?one of the most sustainable and lowest carbon emission nickel producers in the world?.
And popular US burger chain In-N-Out has shut down a viral TikTok video of a customer allegedly ordering a chicken sandwich from a ?secret menu?, saying the item is not part of their menu and will likely never be.