From WTC to SQ2: Why these tech stocks closed in green on Wednesday?

3 min read | July 20, 2022 06:39 PM AEST | By Ritwika

Google News:

From WTC to SQ2: Why these tech stocks closed in green on Wednesday? — Image source: Image source: © Skypixel | Megapixl.com

Recent News

ASX Infrastructure Assets and ASX 200 Essential Income Networks

Rate Cuts and ASX Retail Stocks: Where the Recovery May Begin

ASX Property Sector Outlook on ASX 100 and Rate Trends

Why Is Goodman Transforming Beyond Traditional Property?

Make Kalkine Media
My Trusted Source

Highlights:

The S&P/ASX 200 index closed in green on Wednesday, and all the major 11 sectors ended strong.

The S&P/ASX 200 Information Technology sector was the leading sector.

The S&P/ASX 200 index (INDEXASX:XJO) ended strong by gaining 1.648% or 109.6 points to 6,759.20 points on the ASX on 20 July 2022. All the 11 sectors under the S&P/ASX 200 index closed in the green territory.

The best performing sector was the Information Technology sector. The S&P/ASX 200 Information Technology sector (INDEXASX:XIJ) closed at 1490.7 points after marking a gain of 3.766% or 54.1 points on the ASX.

Here, we talk about four leading ASX-listed tech stocks - WiseTech, Xero, Altium, and Block. Buoyed by the performance of the IT sector, these companies have also closed in the green.

WiseTech Global Limited (ASX:WTC)

The shares of the tech giant WiseTech Global Limited (ASX:WTC) buzzed in the green territory and closed 5.603% higher on the ASX (20 July). WiseTech’s share price stood at AU$47.49 per share by the end of trading session on the ASX.

WiseTech’s shares have performed significantly well on the ASX in the last one year. The software company’s share price marked a gain of around 56% on the ASX in the past 12 months. However, WiseTech’s share price declined approximately 21% on a YTD basis on the ASX today (20 July).

Xero Limited (ASX:XRO)

The shares of the accounting software developer Xero Limited (ASX:XRO) closed in the green territory today. The share price was quoted at AU$87.64 per share up 5.934% up.

Xero’s shares performed poorly on the ASX over the past 12 months. The stock lost almost 37% in last twelve months and lost 40% on Y-T-D-basis.

Altium Limited (ASX:ALU)

ASX-listed sales software developer Altium Limited (ASX:ALU) shares closed 2.203% strong at AU$29.68 per share on the ASX (20 July). As per a recent update from the company, Altium is likely to release its FY22 results on 22 August 2022.

The shares of Altium marked a loss of almost 10% on the ASX in the last 12 months. On the other hand, Altium’s Y-T-D based share price also declined by almost 34% on the ASX (20 July).

Block Inc (ASX:SQ2)

Global fintech company Block Inc (ASX:SQ2) shares buzzed in the green territory and closed 4.370% stronger on the ASX (20 July). Block’s share price stood at AU$100.3 per share at the end of trading session on the ASX.

Block’s share price marked a loss of 43.21% in last one year.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.