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Highlights
- ASX 200 Technology index closed 3.77% lower at 1,914.90 points today.
- Stocks like Tyro and Zip also closed in the red.
The S&P/ASX 200 ended a four-day winning rally, down 0.94% to be closed at 6,700.20 points on Wednesday (29 June 2022). Tyro Payments was the worst performer in this index. The index has increased 2.95% over the past five days; however, it has lost 10% over the past year.
Simultaneously, ASX 200 Technology index closed 3.77% lower at 1,914.90 points today. This followed a shaky overnight lead from Wall Street.
On a sectoral front, eight out of 11 sectors were down today. Financial was the top performer, gaining 0.27% and 3.54% for the past five days.
Information technology was one of the worst-performing sectors, followed by materials, telecom services, utilities and other sectors.
On that note, we will cover the YTD performance of these four fintech companies- Tyro Payments, Novatti Group, Zip Co, and Complii Fintech.
Image Source: © 2022 Kalkine Media ®
Data Source- ASX
Tyro Payments Ltd
Tyro Payments (ASX:TYR) offers payment solutions to Australian retailers. The fintech firm operates through banking and payments segments.
Tyro's offering includes business loans, banking products, and electronic funds transfer at point of sale (EFTPOS) solutions.
Shares of Tyro closed trading at AU$0.65 per share today (29 June 2022), down 16.67% on ASX. The drop in the Tyro's share price follows an announcement by the company today. It informed that company's CEO and MD Robbie Cooke has resigned.
Tyro Payments has provided a negative return of around 77% year-to-date (YTD).
Watch
Novatti Group Ltd
Novatti Group (ASX:NOV) is specialised in online payments and banking. The company provides payment services through processing financial transactions, merchant acquiring services, subscriber billing, card issuance, and integration of payment networks.
Novatti functions in four phases. The Novatti Platform section creates, introduces, and maintains technologies for mobile and other forms of payment.
On Wednesday, Shares of Novatti last exchanged hands flat at AU$0.165 per share. The company's shares have fallen around 45% on a YTD basis.
Source: Nicoelnino | Megapixl.com
Zip Co Ltd
Australia-based Zip Co (ASX:ZIP) operates in the digital retail finance and payments sector. The company's segments are APAC, the Americas, EMEA, Zip Business, and Corporate.
Zip shares last traded at AU$0.455 per share, down 4.21% on ASX today. The BNPL company's shares have fallen almost 80% on a YTD basis.
Complii Fintech Solutions Ltd
Australian-based Complii Fintech Solutions (ASX:CF1) operates a digital platform. In addition to a global trading platform that enables the trading of shares in unlisted companies and funds, the company provides end-to-end software-as-a-service (SaaS)-based technology solutions.
Complii Fintech shares ended 2.5% higher today at AU$0.082 each on ASX. The company's shares have grown over 13% YTD.
