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ASX closed green; Rhinomed soared 7.5% on trial results; Flight Centre lifted on eased international arrival restrictions.

  • The ASX200 closed 0.86% higher on Tuesday at 7355 points.
  • Rhinomed soared 7.55% on trial results of Rhinoswab Junior test.
  • Flight Centre rose today as international arrival restrictions ease in VIC & NSW.

The Australian market closed sharply higher on Tuesday, gaining 0.86% to close at 7355 points as a 4% surge in health care stocks boosted the key index.

The tech sector rebounded from morning losses to close 0.7% higher on Tuesday as EML Payments soared 5% to offset Novonix’s almost 4% tumble.

Bitcoin is trading 3.77% higher over the last 24-hours at US$48,646.64 at 4:30pm AEDT.

Wearable nasal technology company Rhinomed soared 7.55% today after announcing the interim results for a new respiratory diagnostic test for children. The ‘world first’ ‘Rhinoswab for diagnosis of respiratory virus in children’ is designed to cause less discomfort and distress for children compared to traditional throat and nasal swabs. The trial returned a result of 82% of children preferring the Rhinoswab Junior test over the standard swabs, and 79% of parents and 82% of nurses also preferred the Rhinoswab Junior.

Making headlines, Flight Centre shares took off today as eased restrictions for international travelers into NSW and Victoria were announced. International arrivals no longer need to complete 72-hours quarantine, they must now just isolate until they receive a negative COVID-19 test result. Overseas travel stocks took a dive overnight as the Omicron variant continues to spread.

And Virtual Dining Concepts (VDC) is partnering with TikTok to launch hundreds of delivery-only locations in 2022, using local restaurants to create TikTok Kitchens and make the trending recipes available for purchase in those areas.

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