ASX closed green; Calix soared 20% on new patent filings; APM debuted on the ASX with $982m IPO.
- The ASX200 closed 0.83% higher on Friday at 7443 points.
- Calix soared 20% on a new patent filing for zero emissions iron & steel.
- APM Human Services International debuted on ASX, IPO raised $982m.
The Australian market extended a rally into afternoon trade to close Friday’s session 0.83% higher at 7443 with all sectors besides health care and gold stocks ending in positive territory, led by materials, metals and mining stocks. For the week, the ASX fell 0.19%.
The tech sector finished Friday’s session more than 1.5% higher led by Link Administration Holdings jumping 3.47% while Xero added 3%.
Bitcoin is trading 0.33% higher over the last 24-hours at US$64,861.91 at 4:30pm AEDT.
Australian-based clean tech company Calix soared 19.93% today after filing a new patent for a new significant application of its core technology, kiln, in the production of zero carbon emissions iron and steel. The ZESTY process involves using Calix’s kiln technology to produce renewable powered iron through reduced temperature of operation.
Making headlines, disability services provider APM Human Services International debuted on the ASX today. Following an IPO at $3.55/share raising $982m with a market value of $3.26bn on debut, shares in APM fell 6.2% to close the debut session at $3.33/share. The APM prospectus indicates the funds raised at IPO will be used to pay off debts and explore growth opportunities.
And Instagram is taking on TikTok with a new text-to-speech feature and voice effects for editing reels including artificial voice sounds.
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