- ASX200 is trading 0.69% higher at 7116.8 at 1:30pm AEST.
- MoneyMe surges on record delivery originations for April at $47m.
- Ardent Leisure fails to impress investors with $75m development.
The tech sector is falling for the third straight day, posting the biggest losses again as notable losses for Afterpay, Nuix and Altium offset Nearmap?s almost 15% gain.
The Australian market is trading sharply higher today, up 0.69% at 7116.8, topping 7100 for the first time since the pandemic sell-off in March last year. Healthcare and Materials stocks are fuelling gains for the key index today while oil prices are at their highest price in 7 weeks.
Bitcoin is trading 1.05% lower at US$55,083.73 at 1:30pm AEST. Meantime, Ethereum continues to rally, up 0.75% in the last 24-hours at US$3286.56 this afternoon.
Australian-based online personal loan lender MoneyMe is surging nearly 7.5% today despite a broad tech selloff. MoneyMe released a positive update for April, including hitting a delivery record of originations at $47 million for the month, up 693% from the corresponding period a year earlier.
Making headlines, Australian theme park owner Ardent Leisure has failed to impress investors with the announcement of a $75m injection into its Dreamworld Resort through an accommodation development with the Evolution Group. The deal will see Evolution Group build a 4-star, 250 room resort-style hotel, 40 bungalows and a 5-star tourist park with 100 powered sites.
And more than 180 musicians have joined forces to request that Spotify never use its patent for speech-recognition tech that recommends music for users. The musicians say the technology uses a ?creepy? ?always-on? listening device and is emotionally manipulative, discriminatory and violates privacy.