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Highlights
- The benchmark index ASX200 was down 1.867% at 7333.700 points at 11:19 AM AEST today.
- At 11:26 AM AEST, the S&P/ASX 200 Information Technology sector (ASX:XIJ) was 1.182% lower at 1655.300 points.
- Twitter shares rose over 5% on Monday after there was news that the social media giant was close to accepting Tesla Inc (NASDAQ:TSLA) CEO Elon Musk’s US$44 billion buyout offer.
The Australian share market opened today on a lower note with the benchmark index ASX200 falling 1.867% and trading at 7333.700 points at 11:19 AM AEST.
At 11:26 AM AEST, the S&P/ASX 200 Information Technology sector (ASX:XIJ) was 1.182% lower at 1655.300 points. The technology index has fallen by 1.10% in the last five days. Over the last one year, the once-booming technology sector has lost almost 24%.
Inflation coupled with a rise in the interest rates and the current market volatility due to the prevailing geopolitical situation has led cautious investors to think twice before making any investment in tech stocks. In times of uncertainty, it is usually seen that investors move towards safe-haven assets such as Gold.
In this article, we will talk about three ASX-listed technology stocks - Computershare Ltd (ASX:CPU), WiseTech Global Limited (ASX:WTC), and Block Inc (ASX:SQ2) - and see how these stocks performed during today’s intraday trading session.
Computershare Ltd (ASX:CPU)
Today, the shares of Computershare Ltd traded 2.213% lower at AU$24.740 per share on ASX at 12:36 PM AEST. In the last one year, the shares of Computershare Ltd have gained 71.45%, while the stock is up 21.51% year-to-date (YTD).
Computershare Ltd is an ASX-listed investor services provider with a market capitalisation of AU$15.49 billion. The software company manages share registries and provides software specialising in share registries and financial & stock markets.
The company expects its FY22 Management EPS to increase by around 9%. EBIT ex Margin Income is also expected to rise by almost 13% as against the original guidance of 3%.
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WiseTech Global Limited (ASX:WTC)
The shares of WiseTech Global Limited traded 1.831% lower at AU$45.020 per share on ASX during the intraday trading session today. In the last one year, WiseTech shares have gained 47.19%, while the stock is down 24.78% year-to-date (YTD).
WiseTech Global Limited is an ASX-listed cloud-based logistics software solutions developer with a market capitalisation of AU$14.96 billion. Earlier this month, the company paid a fully franked interim dividend of AU$0.047 per share to its shareholders. WiseTech has increased its FY22 EBITDA guidance by AU$10-AU$15 million to AU$275-AU$295 million.
Image Source: © Selagin | Megapixl.com
Block Inc (ASX:SQ2)
Block Inc. shares were spotted trading 2.815% higher at AU$150.110 per share on ASX at 1:11 PM AEST today. The share price of Block Inc has fallen 5.01%, both YTD and in the last 12 months. Block Inc. is an ASX-listed technology company based in the US. The fintech company has a market capitalisation of around AU$78.05 billion. As per sources, Block CEO Jack Dorsey is said to have changed his title to Block Head.
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