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ASX closed lower; Doctor Care Anywhere surged on operational update; ACCC approves Woodside merger proposal.

  • The ASX200 closed 0.43% lower on Thursday at 7295.70 points.
  • Doctor Care Anywhere surged 12% on a new operational model.
  • Woodside gains green light for BHP Petroleum merger from the ACCC.

The Australian market’s red run extended into a third straight session as the key index closed 0.43% lower on Thursday at 7295.70 points, dragged down by a more than 5% tumble for health care stocks.

The tech sector surged more than 2% on Thursday led by Wisetech Global soaring more than 7.4%, while Appen added 3.17% and Technology One gained 2.85%.

Bitcoin is trading 1.12% higher over the last 24-hours at US$48,669.27 at 4:30pm AEDT.

Shares in Doctor Care Anywhere Group surged 12% today after the telehealth company announced a new operations model, moving from a single 20 minute virtual GP option to now enable multiple options for service delivery based on the patient’s needs.

Making headlines, Woodside today announced that it has received the outcome of the ACCC’s inquiry into its proposed merger with BHP’s Petroleum International subsidiary. The ACCC has given the merger the green light to go ahead, deeming the merger will ‘continue to face competition from a range of suppliers of domestic gas including major producers Chevron and Santos’ and after consulting with a number of WA government departments, deemed the acquisition as fair to proceed.

And a new platform called HereAfter AI enables users to chat to loved ones who have passed away, by using AI technology and a voice recording of the deceased person’s voice to create pre-recorded stories, memories, jokes, songs and even advice for interactive conversations.

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