Catapult takes flight to Germany as share price rallied following a new deal.
ASX closed higher; Catapult rallied on German deal; Uniti tumbled on Executive Director accusations
The ASX200 closed 0.16% higher at 7437.30 on Tuesday.
Catapult Group International rallied on German football club deal.
Uniti tumbled on Executive Director accused of prior insider trading.
The Australian market overturned morning losses to close higher on Tuesday, finishing the session up 0.16% at 7437.30 after RBA governor Philip Lowe shut down any fears that the central bank will hike the cash rate from 0.1% before at least 2025.
Tech stocks took the biggest hit on the market today as losses for Technology One, EML Payments and Nearmap offset a more than 6% gain for Altium.
Bitcoin is trading 0.73% higher over the last 24-hours at US$45,184.88 at 4:45pm AEST.
Athletic wearable tech company Catapult Group International rallied today after the company announced it has signed a multi-year deal with German football club VfB Stuttgart. Under the deal, Catapult will supply the team with its wearable solution for performance insights.
Making headlines, Uniti shares tumbled as much as 17% during today’s session after news emerged that the company’s Executive Director, Vaughan Bowen, has appeared in court accused of insider trading prior to his time at Uniti. Mr Bowen allegedly sold 5,617,554 Vocus shares on June 4th 2019, when he was chair of Vocus, banking him $25.7m a day before the Vocus shares crashed after EQT Infrastructure IV Fun withdrew from takeover talks with the company.
And Australia’s international borders are one step closer to reopening today after the government announced a new digital border pass for international travel. Passengers entering the country will need to a
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