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ASX closed green; Openpay rose 22% on a trading update; Immuron skyrocketed 29% on a research agreement

  • The ASX200 closed 0.66% higher at 7438.90 on Wednesday.
  • Openpay rose 22% on a trading update outlining 2022 priorities & Q2 results.
  • Immuron skyrocketed 29% after being awarded a new $6.2m research agreement.

The Australian market’s red run came to an end today with the key index closing the midweek session 0.66% higher at 7438.90 points, driven by a surge in energy stocks.

The tech sector followed the broader market higher to close Wednesday’s session around 2% higher as Life360 Inc surged more than 6%, Appen added 5% and Afterpay jumped 4.6%.

Bitcoin is trading 1.18% higher over the last 24-hours at US$42,695.63 at 4:15pm AEDT.

Australian-based BNPL provider Openpay soared 22% today after providing an outline for 2022 and the release of Q2FY22 record results. Openpay shared its plans to prioritise unparalleled US market opportunity, leveraging strong commercial partnerships already successfully in place. For the second quarter, Openpay reported its highest ever quarterly TTV for its Australian business of $87m. Openpay also announced a strategic partnership with Payment Assistant for expansion in the UK market.

Making headlines, Immuron skyrocketed 29% today after the biopharmaceutical company announced it has been awarded $6.2m for a new research agreement with the US department of Defence to clinically evaluate a military strength dosing regimen for Travelan to cure traveler’s diarrhoea.

And Instagram is reportedly testing an ‘edit grid’ feature that will allow users to reorder their posts no matter the date they were posted.

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