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TNE - TechnologyOne News Story

A$9.7 0.1  0.6%

Last Trade - 3:19am

Sector
Technology
Size
Mid Cap
Market Cap £1.71bn
Enterprise Value £1.65bn
Revenue £165.5m
Position in Universe 151st / 1896

BUZZ-Australia's tech stocks track U.S. peers higher on upbeat earnings

Wed 20th January, 2021 12:17am
** Aussie tech stocks  .AXIJ  jump as much as 3.2% to hit a
one-month high
    ** Shares track U.S. peers  .IXIC  higher as sentiment was
buoyed by upbeat earnings reports and with the Treasury
Secretary nominee Janet Yellen backing a massive fiscal stimulus
package for the world's largest economy  .N 
    ** Buy-now-pay-later leader Afterpay Ltd  APT.AX  climbs
4.6% to be the top gainer in the Australian sub-index after
brokerage Jefferies began coverage with a "buy" rating on upbeat
outlook  urn:newsml:reuters.com:*:nL4N2JU3MG
    ** Software makers TechnologyOne Lts  TNE.AX  and Altium Ltd
 ALU.AX  advance 4.3% and 2.5%, respectively
    ** TNE marks biggest intraday percentage gain since March 30
    ** AXIJ set for fifth session of gains amid a 0.6% bounce in
the the broader marker  .AXJO  
    ** The sub-index up 0.4% this year, as of last close
    

 (Reporting by Anushka Trivedi in Bengaluru)
 ((Anushka.Trivedi@thomsonreuters.com; +918061823241;))
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