- The S&P/ASX200 index closed 1.112% higher on the ASX today, and all the 11 sectors ended in green today.
- Information Technology sector also performed well today and has attracted investors’ attention to the ASX.
Today, the S&P/ASX 200 index closed in the green territory. Interestingly, all the 11 sectors under the ASX 200 closed in the green zone on the ASX today. The S&P/ASX 200 index (ASX:XJO) closed 1.112% higher after gaining by 72.7 points to 6612.6 on the ASX today.
The S&P/ASX 200 Information Technology sector (ASX:XIJ) closed 1.588% strong at 1362.3 on the ASX today.
In this article, we have focused on the share price performance of some of the leading ASX-listed tech stocks, such as Xero, WiseTech, Altium, and Block.
Xero Limited (ASX:XRO)
The shares of one of the leading tech stocks, Xero Limited (ASX:XRO), closed 2.337% strong at AU$78.81 per share on the ASX today, 4 July 2022.
In last one year, Xero’s shares have fallen over 42% on the ASX. Meanwhile, on a year-to-date (YTD) basis, Xero’s share price fell over 46% on the ASX as of 4 July 2022.
Just any other Australian firm, Xero’s business also suffered in the past couple of months due to RBA’s interest rate hike.
WiseTech Global Limited (ASX:WTC)
Another important company in the ASX Information Technology sector is WiseTech Global Limited (ASX:WTC). Today, WiseTech closed 2.435% strong on the ASX today (4 July) at AU$38.7 per share.
The share price performance of WiseTech has also been impacted by RBA’s interest hike in the past couple of months, as its share price lost by almost 8% in the last month. Furthermore, WiseTech’s year-to-date share price also fell over 35% on the ASX as of 4 July.
The company’s shares have also been vulnerable to market volatility as its share price gained over 20% on the ASX in last one year.
Image source: © Viruswin32 | Megapixl.com
Altium Limited (ASX:ALU)
Another leading player in the ASX tech industry is Altium Limited (ASX:ALU), which also closed in green territory today. Shares of Altium Limited closed 1.262% higher on the ASX today (4 July), at AU$27.27 per share.
The shares of Altium are continuing to struggle amidst inflation and RBA’s hiked interest rate. As a result, Altium’s share price lost by 24.63% on the ASX in the last one year. Moreover, Altium’s share price also lost by almost 39% on the ASX on a year-to-date (YTD) basis.
Block Inc. (ASX:SQ2)
The shares of the global fintech company, Block Inc. (ASX:SQ2), closed 5.124% higher at AU$92.52 per share on the ASX today (4 July).
The shares of this leading tech stock also struggled through several challenges in the past one year. As a result, its share price has lost by almost 48% on the ASX.
Even in the past one month, Block had shed its share price by over 20% on the ASX. This probably happened because the company’s business is getting impacted due to inflation and RBA’s interest hike.