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Highlights
- The ASX 200 Index was 0.94% down today at 6,953.60 points at 1.53 PM AEST.
- On sectoral front, 9 of 11 S&P 500 sectors were trading lower at 1.53 PM AEST today.
- Tech stocks like Wisetech and Computershare were also trading in red territory.
The Australian stock market traded lower today following a strong sell-off on Wall Street, fuelled by tech stocks and inflation data. The ASX 200 Index was 0.94% lower at 6,953.60 points at 1.53 PM AEST today. This is the first time that the market has gone 7,000 points below in June 2022.
On sectoral front, 9 of 11 sectors were trading lower. Health Care is the best performing sector, while A-REIT sector is the worst performing sector followed by IT, materials, and energy sectors at 1.57 PM AEST. The sell-off in Australia came after overnight losses on Wall Street.
Meanwhile, today is a crucial day for US markets, as the May inflation data will be announced. This will most likely provide investors with some insight into the Fed's interest rate hike schedule for this year. The Federal Reserve's June meeting is scheduled for next week, and the US central bank is expected to raise the key interest rate by a half-percentage point.
In this article will talk about four ASX technology stocks covering their YTD performance. These companies include Wisetech Global Limited, Computershare Limited, Link Administration Holdings Limited and Dicker Data Limited.
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Wisetech Global Limited (ASX:WTC)
WiseTech Global Limited (ASX:WTC) is an Australian company that specialises in logistics software solutions. The company develops, sells, and integrates software that makes it easier for logistics service providers to move and store things and data both locally and globally.
WiseTech's shares were trading at AU$38.77 each, down 2.09% on ASX today (10 June 2022) at 2.25 PM AEST. The company's shares have recorded negative growth of more than 38% YTD.
Computershare Limited (ASX:CPU)
A software and services company, Computershare Limited (ASX:CPU), acts as a transfer agent and provides investor services. It focuses on allowing organisations to communicate with and manage their diverse stakeholder bases, which include individuals and institutions, members, employees, and customers.
At 2.29 PM AEST today, shares of Computershare were trading at AU$23.29 per share, down 0.94%. Computershare has consistently performed well throughout the last year. The stock has increased by 16% year to date.
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Link Administration Holdings Ltd (ASX:LNK)
Link Administration Holdings (ASX:LNK) is an Australian IT solutions company. It specialises in customising solutions to meet the demands of each client. On 27 October 2015, the company was listed on the ASX.
Link Administration shares were trading at AU$4.29 apiece on ASX today at 2.33 PM AEST. The shares have provided a negative growth of almost 23% on YTD basis.
Dicker Data Limited (ASX:DDR)
Dicker Data Limited (ASX:DDR) is an information technology company established in Australia and New Zealand that specialises in IT hardware distribution. The company is situated on George Street in Sydney, Australia, and it deals with software and hardware distribution.
Dicket Data shares were trading 1.63% lower today at 2.39 PM AEST, trading at AU$11.49 per share. On YTD basis, the shares have registered a negative growth of over 22%.
Also Read: XRO, WTC, CPU: How are these ASX-listed tech stocks performing?
