Altium logo

ALU - Altium News Story

A$37.41 -1.9  -4.7%

Last Trade - 1:31am

Large Cap
Market Cap £2.65bn
Enterprise Value £2.60bn
Revenue £144.3m
Position in Universe 103rd / 1836

BUZZ-Australian tech stocks set for best session in nearly 3 weeks, tracking U.S. peers

Fri 3rd January, 2020 1:25am
** Australian technology stocks  .AXIJ  gain as much as
2.3%, marking their biggest intraday pct gain since Dec. 16
    ** Local stocks follow U.S. peers, with S&P 500's technology
index  .SPLRCT  rising more than 1% overnight; U.S.-based tech
stocks have high exposure to the Chinese economy*:nL1N2971AJ
    ** China's central bank on Wednesday said it would cut the
amount of cash that all banks must hold as reserves; global
equities cheered the stimulus move*:nL4N29607P
    ** Accounting software maker Xero Ltd  XRO.AX , the biggest
company by market value in the Australian technology index,
rises 1.7% to log its best intraday pct gain since Dec. 23
    ** Second-biggest co Computershare Ltd  CPU.AX  adds nearly
2.6% to hit a near two-week high; stock poised for its biggest
daily gain since early December
    ** Buy-now-pay-later company Afterpay Ltd  APT.AX , the
third-biggest company, rises 1.6% to a four-week high
    ** APT gains for a second straight session after it said it
received a lending licence in California*:nL4N2960QP
    ** Altium Ltd  ALU.AX , Link Administration Holdings
 LNK.AX  and NextDC  NXT.AX  all add over 2% each
    ** Despite session's gains, index set to close marginally
lower for the week, snapping two straight weeks of gains

 (Reporting by Rashmi Ashok in Bengaluru)
 ((; +918067491689;))
© Stockopedia 2020, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.