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ASX closed red; Envirosuite rose 7% on deals with GHD; Whispir surged 14.8% on guidance update.

  • The ASX200 closed 0.15% lower on Wednesday at 7399.40.
  • Envirosuite rose 7% on announcement of strategic agreements with GHD.
  • Whispir rose 14.8% after upgrading FY22 revenue guidance to $64-$68m.

The Australian market fell sharply at the closing bell on Wednesday to end the session 0.15% lower at 7399.40 weighed down by losses for the gold miners and tech stocks.

The tech sector recovered some losses in afternoon trade but still managed to close down 0.5% as Technology One tumbled 8.37% due to investors responding to the tech company’s full-year results released yesterday.

Bitcoin is trading 0.30% higher over the last 24-hours at US$56,695.18 at 4:30pm AEDT.

Shares in environmental management software company, Envirosuite, jumped just under 7% today after announcing it has entered into two strategic agreements with GHD. The two strategic agreements with the consulting group are for the use of Envirosuite’s EVS Water software to implement and scale the solution for water facilities, and to leverage GHD’s global network to refer Envirosuite’s Water to prospective clients.

Making headlines, cloud-based communications platform Whispir surged 14.8% today after updating its guidance for FY22 ahead of the company’s AGM. Whispir said it now expects FY22 revenue to be $64m-$68m, an increase of 34%-42% YoY, and well above its prior guidance of $57.2m-$60.2m from just over a month ago. The company attributes the guidance hike to its book of long-term, blue chip clients as well as several new business wins.

And Uber has joined the marijuana market, allowing UberEats users in Ontario, Canada to order cannabis products through the app to be picked up and delivered by a driver.

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