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ALU - Altium News Story

A$37.41 -1.9  -4.7%

Last Trade - 1:31am

Sector
Technology
Size
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  urn:newsml:reuters.com:*: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 urn:newsml:reuters.com:*: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  urn:newsml:reuters.com:*: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)
 ((Rashmi.Ashok@thomsonreuters.com; +918067491689;))
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