CPU, ALU, WTC, XRO: Why are these ASX tech stocks in news today?

Image Source: © Chuahtc8 | Megapixl.com

Highlights:

  • The benchmark index ASX 200 was up 1.93% at 6,705.80 points at 3:41 PM AEST today (June 27).
  • At one point, the energy, financial, and information technology sectors were the top performers.
  • Shares of four ASX-listed stocks, Computershare Ltd., Altium Limited, Xero Limited, and WiseTech Global Limited, traded higher today.

 

In a good news for investors, the Australian equities traded higher today as the benchmark index ASX 200 was up 1.93% at 6,705.80 points at 3:41 PM AEST. All eleven sectors traded in green during the intraday trading session today with the energy, financial, and information technology sectors gaining 2.66%, 2.47%, and 2.53%, respectively. 

The gloomy global growth outlook, continuous rise in interest rates and recession fears have dented investors' sentiments in the past few days. In a switch from the pessimistic view, the tech-dominated Nasdaq Composite closed 3.34% higher on Friday at 11,607.62 points. Technology stocks have come under tremendous pressure due to the rising rates. But today's performance of the technology sector is a matter of relief for tech investors. 

Also watch:

 

In this article, we will discuss about ASX-listed technology stocks that have been grabbing in the news lately. The four technology companies include Computershare Ltd. (ASX:CPU), Altium Limited (ASX:ALU), Xero Limited (ASX:XRO), and WiseTech Global Limited (ASX:WTC). 

Image Source: © Melpomenem | Megapixl.com

 

Computershare Ltd. (ASX:CPU)

The shares of of ASX-listed Software and services company Computershare Ltd. traded 2.367% higher at AU$24.210 per piece on ASX at 3:57 PM AEST today. Computershare Ltd. commands a market capitalisation of AU$14.27 billion. Over the last 12 months, the shares of Computershare Ltd have gained nearly over 40%. The stock is also up almost 18.91% on year-to-date (YTD). 

 

Altium Limited (ASX:ALU)

The shares of ASX-listed software company Altium Limited were spotted trading 1.785% higher at AU$28.510 per share on ASX at 4:11 PM AEST. The market capitalisation of Altium Limited is AU$3.45 billion. Altium Limited shares have fallen nearly 21.24% in the past one year, while the stock is down around 36% on YTD. 

 

Xero Limited (ASX:XRO)

Xero Limited shares traded 1.192% higher at AU$83.130 per share on ASX at 4:11 PM AEST today. Xero Limited has a market capitalisation of AU$12.28 billion.

In the last one year, the share price of the stock has fallen nearly 39.31%. Xero Limited shares are down 43.15% on YTD. 

WiseTech Global Limited (ASX:WTC)

WiseTech Global Limited shares traded 0.923% higher today at AU$39.360 per share on ASX at 3:40 PM AEST. The company’s shares have gained 25.03% in the last one year, while the stock is down 34.25% on YTD. WiseTech Global Limited has a market capitalisation of AU$11.74 billion.


 


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