Highlights
  • The ASX200 is trading 0.49% lower today at 7486.20.
  • Suncorp rallies on ?PayLater? BNPL product launch from November.
  • Wesfarmers share price on watch as Bunnings & Officeworks reopen.

The Australian market is trading 0.49% lower at 7486.20 after lunchtime on Monday as Energy stocks take the biggest hit on the ASX, with FMG leading losses, down 10.70% today so far.

The tech sector is trading in positive territory today as Appen surges more than 3.8% and Nearmap rallies more than 1.94%.

Bitcoin is trading 3.14% higher over the last 24-hours at US$51,714.91 at 1:10pm AEST.

Australian banking, finance and insurance company Suncorp is rallying today after announcing its move into the buy now, pay later space from November through its new product ?PayLater?. Initial purchase limits using ?PayLater? have been set at $1000, and the product will be available at any retailer that accepts Visa.

Making headlines, Wesfarmers shares will be on watch this week after the company announced it will reopen some of its Sydney stores from today as the vaccination rate in NSW increases. The Bunnings and Officeworks stores that reopened today are predominantly located in Sydney?s western, southwestern and southern suburbs, while Target and Kmart stores remain closed across Greater Sydney in line with government regulations.

And Segway has introduced its first robot mower called the Navimow robot which uses GPS to navigate its way around your lawn without the need for wire boundaries or remote control.