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Highlights:
- Seven out of eleven sectors under the S&P/ASX 200 index, ended stronger today, Information Technology being the best performer.
- The upbeat march of the IT sector was driven by Nasdaq’s Information Technology stocks that marked important gains during their last trading session.
S&P/ASX 200 Information Technology sector (INDEXASX:XIJ) was the best performing sector on the ASX today (4 August). The sector ended 1.87% higher at 1611.8 points.
This gain was probably driven by the strong performance of NASDAQ’s information technology stocks last trading session. Big tech stocks like PayPal came up with positive earnings report that lifted up the entire sector.
The impact of NASDAQ’s IT sector reflected on ASX tech stocks as well. Most of the ASX-listed information technology stocks were spotted trading in the green zone today. Some of the top gainers of the day featured tech stocks like- Tyro Payments and Block.
Here in this article, we have chosen five renowned ASX-listed information technology stocks and have analysed their performance on the ASX today. These stocks include- WiseTech, Block, EML Payments, Xero Limited and Tyro Payments.
WiseTech Global Limited (ASX:WTC)
Software giant WiseTech Global Limited (ASX:WTC) shares closed 0.858% higher at AU$52.840 per share on the ASX today.
In last 12 months, WiseTech’s share price has gained significantly by over 61% on the ASX. On the contrary, WiseTech’s YTD-based share price has lost 11.73% (as of 4:10 PM AEST on the ASX today).
With a market capitalisation of AU$17.09 billion, WiseTech is a leading software solution provider to the logistics industry in Australia. The company is expected to declare its full year FY22 results on 24 August 2022.
Block Inc (ASX:SQ2)
Global fintech firm Block Inc (ASX:SQ2) shares closed 8.896% higher at AU$126.080 per share on the ASX today.
In last one month, the stock has gained 33.63% on ASX however, in last one year, Block’s share price has fallen almost by 29%.
With a market capitalisation of AU$63.36 billion, Block is a leading fintech firm based in the US. The company is known for developing tools that help in empowering individuals and businesses to take part in the economy.
Image source: © Wrightstudio | Megapixl.com
EML Payments Limited (ASX:EML)
Prepaid financial card issuer EML Payments Limited (ASX:EML) shares ended 3.720% strong on Thursday. The share price stood at AU$1.115 per share.
In last 12 months, EML’s share price fell almost by 70% on the ASX. Furthermore, EML’s YTD-based share price fell over 66% (as of 4:10 PM AEST on the ASX today).
Holding a market capitalisation of AU$401.47 million, EML Payments Limited is a Queensland-based fintech company known for issuing financial cards to individuals.
Xero Limited (ASX:XRO)
Accounting software developer Xero Limited (ASX:XRO) shares closed 0.681% higher at AU$97.560 per share on the ASX today.
Xero’s share price has declined by more than 34% on the ASX in last 12 months. On the other hand, Xero’s YTD-based share price fell by 33.28% (as of 4:10 PM AEST).
Headquartered in New Zealand, Xero offers online accounting software to small businesses. The company holds a market capitalisation of AU$14.53 billion.
Tyro Payments Limited (ASX:TYR)
Electronic payment solution provider Tyro Payments Limited (ASX:TYR) shares skyrocketed on Thursday. Tyro’s share price ended 17.543% stronger at AU$1.005 per share on the ASX.
Tyro’s share price has fallen over 70% on the ASX in last 12 months. On YTD-basis, the share price declined by 65.58% (as of 4:10 PM AEST on the ASX today).
Tyro is a Sydney-based company that primarily offers electronic fund transfer at point of sale (EFTPOS) payment solutions. Along with that, the company is also known for offering small business loans and banking products to Australian businesses. Tyro holds a market capitalisation of AU$442.83 million.
