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XRO - Xero News Story

A$113.17 -2.7  -2.4%

Last Trade - 05/03/21

Sector
Technology
Size
Large Cap
Market Cap £8.90bn
Enterprise Value £8.87bn
Revenue £408.5m
Position in Universe 30th / 1857

BUZZ-Australian tech stocks track U.S. peers lower to 1-month trough

Tue 12th January, 2021 3:29am
** Australian tech stocks  .AXIJ  slide as much as 1.3% to
their lowest since Dec. 11
    ** U.S. tech majors tumbled overnight, tracking weakness on
the Wall Street due to political turmoil in Washington, and
after taking steps to limit outgoing U.S. President Donald
Trump's social media reach  .N   urn:newsml:reuters.com:*:nL1N2JM1IN
    ** Software firm Xero Ltd  XRO.AX , biggest pct loser on the
sub-index, drops 4.3% to its lowest since Dec. 2, while sector
heavyweight Afterpay Ltd  APT.AX  sheds 1.9%
    ** Wisetech Global Ltd  WTC.AX  declines 1.2% to its lowest
in nearly three months, headed for a ninth straight session of
losses
    ** Link Administration Holdings  LNK.AX  declines 1.3%,
having shed 16.2% this year as of last close
    ** Sub-index set for a two-day losing streak, down 5.9% this
year vs a 1.7% gain in the benchmark S&P/ASX 200  .AXJO 

 (Reporting by Yamini C S)
 ((Yamini.CS@thomsonreuters.com;))
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