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BNK Banking Corporation soars 17.8% on sale of Finsure to MA Financial.

The Australian market?s red run continues into Wednesday as the key index trades 0.65% lower after lunchtime, weighed down by a sharp sell-off in tech stocks. Corporate Travel Management entered a trading halt today before announcing it has entered into a binding agreement to acquire 100% of Helloworld Travel?s Corporate and Entertainment travel business in Australia and New Zealand for an enterprise value of 175 million dollars. A spotlight on BNK Banking Corporate as shares in the financial services provider are soaring nearly 17% today after the company announced it has entered into a binding agreement to sell 100% of its mortgage broker network Finsure to MA Financial for 145 million dollars. Just a short time after was granted a licence to test its fully-autonomous, driverless vehicles in California, the Department of Motor Vehicles has moved to suspend the company?s testing permit after one of the vehicles crashed into a centre divider containing a traffic sign.