- The ASX200 is trading 0.38% lower at 7272.20 after lunchtime.
- Plenti up 7% on record Q2 results including record quarterly originations.
- Qantas share price hit by launch of a new low-cost competitor, Bonza.
The Australian market?s red run continues on Tuesday as the key index is trading 0.38% lower today at 7272.20 after lunchtime, weighed down by heavy losses among energy and tech stocks.
NAB?s business confidence survey for September showed a strong rebound, with results coming in 19 points higher for a positive index return of 13 points amid the reopening of NSW and Victoria for vaccinated Aussies.
The tech sector is trading more than 1.5% lower again today as Appen, Computershare, Afterpay, Megaport and Tyro payments each trade more than 2% lower.
Bitcoin is trading 2.78% higher over the last 24-hours at US$56,966.42 at 1:30pm AEST.
Technology-led financial lender Plenti is rallying today after providing a trading update on its Q2 FY22 performance. For the three months ended 30 September 2021, Plenti reported record quarterly loan originations, up 140% on the previous corresponding period, to $256.4 million, record monthly loan originations at $95.5 million in September, and Plenti?s loan portfolio increased to $915m, up 21% from Q1 FY22.
Making headlines, Qantas? share price is taking a hit today after a new low-cost airline called Bonza announced its plans to enter the budget Australian market in 2022. The low-cost market is currently dominated by Qantas? subsidiary, Jetstar, which will lose market share when Bonza launches its fleet of Boeing 737-8 aircraft next year.
And the new hit Netflix series ?Squid Game? is set to take over Halloween around the world as retailers begin selling out of the unique pink and green costumes ahead of spooky celebrations on October 31st.