
ASX closed lower; Careteq plunged 20% on ASX debut; DroneShield rallied on 2021 performance update
- The ASX200 closed 0.08% lower at 7447.10 points on Monday.
- Careteq plunged 20% on its ASX debut following IPO raising $6m.
- DroneShield rallied 3% after announcing record performance in 2021.
The Australian market recovered some losses in afternoon trade to close the first trading session of the week down just 0.08% at 7447.10 as a rally in metals and mining stocks balanced losses among consumer discretionary stocks. The All Ords also closed Monday’s session 0.11% lower at 7766.10 points.
The tech sector also recovered some ground on Monday afternoon as NOVONIX surged 11% and Megaport rallied 3%, while Wisetech Global, Xero, Afterpay and Codan fell more than 2% respectively.
Bitcoin is trading 0.72% higher over the last 24-hours at US$42,169.41 at 4:30pm AEDT.
Assisted-living technology innovator Careteq plunged 20% on its ASX debut today amid a broad tech sell-off. The healthtech startup completed an IPO at $0.20/share raising $6m and plans to use some of the funds raised at IPO towards the company’s international expansion strategy.
Making headlines, AI security systems developer DroneShield jumped 3% today after announcing record performance for 2021. For the period, DroneShield reported revenues almost doubling to $10.5m, customer and grant cash receipts tripled to $14.8m and a cash balance of $9.5m with no debt.
And Disneyland could be heading for the Metaverse after the company received approval for a ‘virtual-world simulator’ patent using technology to project 3D images on real-world objects to create interactive guest experiences throughout the theme parks without the need for wearable technology.
Read the full story
in the Grafa app
To read the full article and more in the Grafa app, available on all app stores.
Track the trends
Get the hot tips first
Stay close to your investments
Learn to trade like a pro
Let your money entertain you
See more stories like this

Similar stories
Which stocks are shooting up today?
After the first 20 minutes of trade, these are the stocks that are shooting higher
...read moreCurrencies while you were sleeping
The Australian dollar was higher against the major currencies overnight. The Aussie dollar is buying
...read moreCrypto while you were sleeping
CRYPTO TOP 10 CLUB Here are the gainers and losers out of the Top 10
...read moreDrill down into today’s commodities
Today’s prices for the basket of key commodities tracked by Grafa are as follows: The
...read moreWhat to expect on the ASX today
ASX Futures trading higher ahead of the market open in Sydney. Dow Jones closed up
...read moreThe cryptos making waves in the afternoon
CRYPTO TOP 10 CLUB Here are the gainers and losers out of the Top 10
...read moreThe price we have to pay: Australian businesses reveal
48% of businesses say they will not raise prices, primarily due to the desire to
...read moreThe biggest movers of the flyweight cryptos today
Of the micro cryptos, these ones were the movers. Mcashchain rose 338.90% to US$0.015, closing
...read moreThe biggest movers of the featherweight cryptos today
Of the smaller cryptos, these ones were the movers. Mirrored iShares Gold Trust rose 353.48%
...read moreThe biggest movers of the middleweight cryptos today
Of the middle-sized cryptos, these ones were the movers. Metacraft rose 66.39% to US$1.31, closing
...read moreSee more stories like this
