BNPL Payright (ASX:PYR) soars: Aus shares 0.3% higher at noon

15Jan

BNPL Payright (ASX:PYR) soars: Aus shares 0.3% higher at noon

 

The Australian share market opened slightly lower following negative leads from Wall Street, but is currently trading 0.3 per cent higher at noon. The tech sector is the best performer this morning and buy-now, pay-later player Afterpay (ASX:APT) is leading the gains and has hit a new record share price today. This comes after its US competitor Affirm (Nasdaq:AFRM) had an incredibly successful debuted on the Nasdaq.

The S&P/ASX 200 index is 23 points up or 0.3 per cent higher at 6,738. On the futures market the SPI is 23 points higher.

Local economic news

The Australian Bureau of Statistics says the total value of new loan commitments for housing reached a record high in November 2020. The total value of new loan commitments for housing rose 5.6 per cent to $24 billion during the month.

Broker moves

Credit Suisse has upgraded Fisher & Paykel Healthcare (ASX:FPH) from an underperform to a neutral. The broker believes the company has endured a period of share price underperformance and that demand for consumables will strengthen in the year ahead. Shares in Fisher & Paykel Healthcare (ASX:FPH) are trading 0.8 per cent lower at $29.77.

Company news

Australian buy-now, pay-later player, Payright (ASX:PYR), has reported a quarter-on-quarter jump of 28 per cent in gross merchandise value to $20.6 million for the December quarter. This comes on the back of a 44 per cent increase in the figure in the September quarter. Total customers grew 13 per cent and Payright secured agreements with 256 new merchants during the period. Shares in Payright (ASX:PYR) are trading 10.6 per cent higher at $0.94.

Best and worst performers

The best-performing sector is Information Technology, adding 1.8 per cent, while the worst performing sector is the Consumer Discretionary sector, shedding 0.7 per cent.

The best performing stock in the S&P/ASX 200 is Afterpay (ASX:APT), rising 6.3 per cent to $128.63, followed by shares in Pro Medicus (ASX:PME) and Clinuvel Pharmaceutical (ASX:CUV).

The worst performing stock in the S&P/ASX 200 is Resolute Mining (ASX:RSG),dropping 6.2 per cent to $0.72, followed by shares in Polynovo (ASX:PNV) and Zip Co (ASX:Z1P).

Commodities and the dollar

Gold is trading at US$1,855 an ounce.
Iron ore price rose 0.2 per cent to US$169.80.
Iron ore futures are pointing to a rise of 2.7 per cent.
One Australian dollar is buying 77.73 US cents.
 
Copyright 2021 – Finance News Network


Source: Finance News Network

Share this post

Related Posts

03Feb

Gold miners take a tumble: ASX closed 0.9% higher

03 Feb 2021 - The local sharemarket closed 0.9% higher or 62 points up to 6,825. Gold miners, Northern Star (ASX:NST) and Newcrest (ASX:NCM) shares fell today and Amcor (ASX:AMC) shares did well today after they upgraded their earnings and lifted their dividend today. And Havilah Resources (ASX:HAV) deals its uranium resources.

Read More
15Feb

Chinese markets in Lunar New Year mode: ASX to open higher

15 Feb 2021 - The Australian sharemarket is poised to open higher, on the back of strong Wall Street gains. The British economy suffered the biggest decline since the Great Frost in 1709. Chinese markets are closed for the Lunar New Year holidays.

Read More
23Mar

Wall St rises as bond rout deepens, Fisher & Paykel, Sonic, Flight Centre on watch: ASX to rise

23 Mar 2022 - Global shares rose after yesterday's hawkish comments from the Federal Reserve Chair Jerome Powell, leading to bank stocks advancing. There are continued concerns that the war in Ukraine has not come to truce and what it means for the commodity market. President Zelenskyy said Ukraine would compromise on NATO membership but not hand over any cities.

Read More
24May

Strong Nvidia earnings fail to lift US markets

24 May 2024 - US stocks experienced a downturn on Thursday, marking the Dow Jones Industrial Average's worst performance of 2024, as a post-earnings boost from Nvidia failed to uplift the broader market sentiment.

Read More
19Oct

US earnings giving markets confidence: Nasdaq futures +2% post Netflix results

19 Oct 2022 - US equities finished higher in Tuesday trading, with major indices fading off early strength before firming into a choppier afternoon. The optimism comes after 3Q and 4Q earnings should confirm fundamentals remain anchored in a resilient labour market and Covid reopening.

Read More
13Mar

Southern Cross Media (ASX:SXL) shares tumble on Nine’s (ASX:NEC) affiliate deal with WIN: Aus shares 0.95% higher at noon

12 Mar 2021 - The Australian share market opened higher following strong positive leads from Wall Street. The Tech sector is leading the way and the only sector in the red is Consumer Staples. Citi rates Flight Centre (ASX:FLT) as a sell, with a price target of $16.80. The broker believes the travel company will be a secondary beneficiary of the Federal Government’s domestic tourism stimulus package. Nine Entertainment Co. Holdings (ASX:NEC) and WIN Corporation have signed a new...

Read More
27Feb

US stocks wrap up worst week of 2023

27 Feb 2023 - US stocks fell sharply Friday, wrapping up their worst week of 2023, after the Federal Reserve’s preferred inflation gauge showed a stronger-than-expected increase in prices last month.

Read More
13Apr

Wall St retreats ahead of inflation figures and earning season kickoff: ASX to edge higher

13 Apr 2021 - The ASX is to edge higher this morning. The S&P 500 and the Dow Jones indexes retreated from their record high, as investors prepare themselves for the start of the earnings reporting season and the release of the inflation report this week. Credit rating agency Fitch ratings has upgraded ANZ Group (ASX:ANZ) from a negative to stable yesterday for their Australian and New Zealand banking business.

Read More
11Dec

Shares in Webjet (ASX:WEB) fly after media speculation response: ASX closed 0.7% higher

12 Dec 2019 - It has been a positive day of trade for the ASX the local bourse managed to close 0.7% higher after a strong afternoon rally. Webjet (ASX:WEB) rose almost 10% after dismissing media speculation that it was a takeover target. IMF Betham (ASX:IMF) reports that the Federal Court of Australia has approved the deed of settlement in the Forge securities class action.

Read More
13Jul

Australian shares to surge at the open following US gains

13 Jul 2020 - Australian shares are set to to start the week on a positive footing following overseas gains. US stocks rose Friday as news about a potential coronavirus treatment increased hope for an economic recovery.

Read More