ASX climbs 0.50% off back of strong contribution from tech

Australia’s S&P/ASX 200 share index climbed 0.50% today to reach 6856.90 points as technology stocks led the way.

Zip Co (Z1P) was the top gainer on the ASX200 today, adding 12.2% while Afterpay (APT) continues to rise, up 4.19% as investors keep gravitating towards BNPL stocks.  

Commonwealth Bank (CBA) announced their first-half profits today which were unsurprisingly down, dropping 10.8%. On top of this, they will pay an interim dividend of $1.50, a sizeable increase despite the fall in profit. Despite all this, CBA was down 1.49% for the day.

Gainers and Losers

The biggest gainers on Wednesday were:

  • Zip Co +12.2%
  • Viva Energy +6.3%
  • Pointsbet +4.8%
  • Challenger +4.7%
  • IAG Group +4.6%

The biggest declines were:

  • CIMIC -17.1%
  • Bravura Solutions -7.5%
  • Crown Resorts -3.4%
  • Star Entertainment -2.8%
  • Ramelius Resources -2.4%

New to investing? Read about How to keep your investment decisions simple.

Disclaimer:
This article does not take into account the investment objectives, financial situation or needs of a particular person or entity. Before acting on any investment strategy or advice you should first consult with your current ASIC accredited investment professional or seek out a compliant investment professional for such.