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ASX closed green; Alcidion surged 8% on a new contract; Flight Centre fell on Sohn Hearts & Minds conference comments.

  • The ASX200 closed 0.22% higher on Friday at 7241.20 points.
  • Alcidion surged almost 8% on a new contract for its Miya Precision Platform.
  • Flight Centre dipped after Philip King said it would be an ideal short target.

The Australian market closed see-sawed throughout Friday’s session before rallying in afternoon trade to close the day 0.22% higher at 7421.20 as energy stocks led gains on the key index. Over the last 5-days the ASX has lost 0.52%.

The tech sector continued to lose ground in afternoon trade as Codan tumbled 4.81%, Nearmap fell 2.13% and Afterpay fell 1.62%.

Bitcoin is trading 0.67% lower over the last 24-hours at US$56,610.42 at 4:15pm AEDT.

Healthcare software solutions provider Alcidion rallied just under 8% today after announcing it has been awarded a contract to deliver key capability for a Healthcare IT project for the Commonwealth of Australia, as part of a Consortium led by Leidos Australia. Alcidion will provide the Longitudinal Health Record via its Miya Precision Platform with the initial contract value to Alcidion being approximately $23.3m over six years.

Making headlines, Flight Centre shares dipped today after Regal Funds Management chief investing officer Philip King told the Sohn Hearts & Minds conference that the travel agent’s ‘recent gains make it an ideal short target’. Mr King shared doubts that the travel company will ever return to pre-COVID levels.

And Budweiser is entering the NFT market by creating 2000 collectible Budweiser can NFTs, each featuring a different design from archived Budweiser ads, photos and designs from the brewery’s history, to be included in the collection honouring its heritage.

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