- The ASX200 is trading 0.24% higher today at 7398.50 at lunchtime.
- Tabcorp shares dip following AGM presentation & demerger details.
- Qantas shares on watch amid charges of workplace safety law breach.
The Australian is trading 0.24% higher at 7398.50 at lunchtime, extending gains into Tuesday as a surge in tech stocks leads gains on the key index.
The tech sector rally follows a strong session for the Nasdaq on Wall St overnight with Nearmap jumping 3.43%, Wisetech Global trading 2.39% higher and Iress up 2.29%.
Bitcoin is trading 0.58% lower over the last 24-hours at US$61,853.59 at 1pm AEDT.
Tabcorp shares are taking a hit today after the gaming and wagering giant released the addresses and presentation delivered at its AGM including details on the demerger of its lotteries entity. Tabcorp has announced to shareholders that it intends to pursue a demerger with its Lotteries and KenoCo (LK) entity, creating a newly listed company on the ASX with Tabcorp shareholders to receive shares in proportion with their existing Tabcorp shareholding as well as keep their Tabcorp shares.
Making headlines, Qantas shares are on watch today after the national carrier has been charged with breaches of workplace safety law after standing down an employee who raised concerns that staff could be exposed to COVID-19 during the aircraft cleaning process of a plane that arrived in Sydney from China early in the pandemic.
And designs of Ikea?s new Vappeby Bluetooth speaker have been leaked showing features of a Spotify Tap embedded in the weather resistant, mushroom-shaped speaker that also doubles as a portable lamp.