Home > Communication > Aussie Tech Stocks Plunge Again

Aussie Tech Stocks Plunge Again

SYDNEY: Any hope that the Australian sharemarket might continue to respond positively to global events after Tuesday’s surprise rise thundered back to earth yesterday, with most shares down sharply and AAP analysis declaring “there’s no bottom in sight”.

The overall market closed at its lowest level in 14 months after losing more than 20 percent of its value in 14 trading sessions.

The technology sector followed that trend, with all the tech stocks on CDN’s page four listing down markedly. 

Leading the way down was former market favourite AfterPay, which plunged to 27.03 – almost half of its 52-week top of 41.14. 

Richard White’s WiseTech finished at a new low for the year of $13.43; and Rene Sugo’s MNF at $3.36 was just one cent above its year low.

You may also like
Quantum Tech Hub For Sydney
NSW Rolls Out Business Lockdown Support As Retail Calls For Consistency
Catch Squares Up To Amazon With New Sydney Warehouse
Google Maps Delivers Street View Of Railway Stations
Telstra Loses Payphone Battle