Last Orders: Tech and Travel drag ASX 200 lower to end the week
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The ASX 200 managed to regain some of its lunchtime losses of 1.5%, closing just 0.93% lower.
For the week, the Aussie index finished lower by 0.48%.
All 11 sectors were down today, with Technology falling by over 3%, and Consumer Discretionary (mainly travel stocks) by 2%
Afterpay (ASX:APT) and Zip (ASX:Z1P) were amongst the worst performers, falling by 6% each. Zip fell after rising by 15% yesterday on strategic investment rumours by Swedish fintech Klarna.
Travel stocks were also pummelled today, with QAN (ASX:QAN) falling by 3% and Flight Centre (ASX:FLT) by 4%.
Gold explorers Petratherm (ASX:PTR) and Viking Mines (ASX:VKA) were amongst the best small cap performers today, rising by 25% and 17%.
Pure Hydrogen (ASX:PH2) is up 2.5% after announcing that a second of six wells in its Botswana CBM program has successfully been spudded to a depth of 47m, out of a planned total depth of 500m.
Constellation Tech (ASX:CT1) was one of the best tech performers amongst a sea of red, after announcing a deal with Fujitsu. The company has received its first purchase order from Fujitsu for an initial quantity of smart drain sensors.
Fintech HUMM (ASX:HUM) dropped 4% after announcing that following a review, records indicated that its decomissioned flexigroup business had exposure to the Forum Finance, who is currently facing fraud charges.
Yandal Resources (ASX:YRL) is up by 10% after DGO Ltd (ASX:DGO) increased its stake in the company from 14.26% to 19,9%.
Coworking space provider Victory Office (ASX:VOL) has appointed Robert Grays Lawyers to deal with matters related to a rental dispute with AMP Capital concerning COVID relief on three of its operating locations.
Epxloration company Threat Protect (ASX:TPS) has made several changes to the board including a new CEO in John Hallam.
Monday
KneoMedia (ASX:KNM) – capital raising
Sayona Mining (ASX:SYA) – capital raising
Food Revolution Group (ASX:FOD) – management change
Okapi Resources (ASX:OKR) – capital raising
Talon Energy (ASX:TPD) – project update
BMG Resources (ASX:BMG) – capital raising
Rural Funds (ASX:RFF) – capital raising
Tuesday
Elsight (ASX: – distribution agreement