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Highlights
- The benchmark index ASX 200 was up 1.048% to 7,258.00 points at 10:49 AM AEST today.
- The S&P/ASX 200 Information Technology Sector (ASX:XIJ) was up 3.301% at 1514.500 points at 10:59 AM AEST.
- The shares of ASX-listed tech majors, including Computershare Ltd., Block Inc., WiseTech Global Limited, and Xero Limited, traded higher today.
The benchmark index ASX 200 was up 1.048% to 7,258.00 points at 10:49 AM AEST today (May 30), exceeding its 20-day moving average.
A total of ten out of 11 sectors traded higher today, with the information technology and Materials sectors emerging as the top-performing sectors. It is believed that the easing of US inflation and a strong finish by US tech stocks seem to have positively impacted the ASX-listed tech shares today. Notably, the tech-heavy NASDAQ Composite closed 3.33% higher at 12,131.13 points on Friday.
The S&P/ASX 200 Information Technology Sector (ASX:XIJ) was up 3.301% at 1514.500 points at 10:59 AM AEST today.
Let’s take a look at the performance of major technology companies in Australia. In this article we will talk about four ASX-listed tech stocks which are in the news today. These four stocks include Computershare Ltd. (ASX:CPU), Block Inc (ASX:SQ2), WiseTech Global Limited (ASX:WTC), and Xero Limited (ASX:XRO).
Block Inc (ASX:SQ2)
Block Inc shares jumped 9.325% in today’s intraday trading session at AU$128.02 per share on ASX at 12:04 PM AEST. The jump in the stock’s share price can be attributed to strong trading of its NYSE-listed shares on Friday.
The payment giant has a market capitalisation of AU$62.85 billion. In the last one year, the shares of Block Inc have fallen 27.50%. Meanwhile, the stock is also down 27.50% YTD.
Read More: DRO, OEC, MOB: How did these 3 ASX drone stocks perform YTD?
Computershare Ltd. (ASX:CPU)
The shares of ASX-listed Australian stock transfer firm Computershare Ltd traded 0.437% higher at AU$22.940 per share on ASX at 11:42 AM AEST. There has been no announcement from the company’s side on the ASX board since 3 May. In the last 12 months, the shares of Computershare Ltd. have gained 46.02%, while the stock is up 12.67% year-to-date (YTD). The company has a market capitalisation of AU$13.78 billion.
Image Source: © Kowniewping | Megapixl.com
WiseTech Global Limited (ASX:WTC)
The shares of WiseTech Global Limited was seen trading 2.807% higher at AU$42.840 per share on ASX at 12;21 PM AEST.
The company has a market capitalisation of AU$13.59 billion. WiseTech Global Limited provides cloud-based software solutions to logistics industries in Australia and abroad. The company has over 18k customers using its software. In the last one year, WiseTech Global shares have gained 51.75%, while the stock is down 28.43% YTD.
Xero Limited (ASX:XRO)
Xero Limited shares were spotted trading 5.201% higher at AU$92.020 per share on ASX at 12:36 PM AEST. The Wellington-based technology company has a market capitalisation of AU$13.08 billion. In the last one year, shares of Xero Limited have fallen 30.62%, while the stock is down 37.06% YTD.
Read More: ASX 200 gains over 1% as tech stocks jump; Bubs Australia soars 45%
