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A$8.6 -0.1  -1.2%

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Sector
Technology
Size
Mid Cap
Market Cap £1.55bn
Enterprise Value £1.49bn
Revenue £166.2m
Position in Universe 161st / 1847

BUZZ-Australian tech sector tracks U.S. peers, set for best day in over 3 weeks

Fri 8th January, 2021 1:33am
** The Australian tech sector  .AXIJ  mirrored tech stocks
on Wall Street to rise as much as 2.4%, on track for its best
session since Dec 17, 2020
    ** Wall Street hit record highs in the last session as the
S&P 500 technology  .SPLRCT  index rose 2.7%, while the NYSE
FANG+TM index  .NYFANG , which includes the core FAANG group of
stocks that have led the Wall Street rally from pandemic lows,
gained 2.7% 
    ** Australian buy-now-pay-later firm Afterpay  APT.AX  rose
nearly 6%, set for its best day in nearly four weeks
    ** Bravura Solutions  BVS.AX  gained over 2% and was on
track for its biggest intraday percentage gain since Dec 29
    ** TechnologyOne  TNE.AX  rises over 3%, while Nextdc
 NXT.AX  advances 2%    
    ** The S&P/ASX 200 Information Technology index slips 4.2%
this week, its biggest weekly drop since Oct 30 
    ** The tech sub-index up 56.3% through 2020     
  

 (Reporting by Nikhil Subba in Bengaluru)
 ((Nikhil.Subba.thomsonreuters.com@reuters.net))
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