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ASX closed red; Dubber plunged 6% despite a new partnership update; Close The Loop soared 50% on ASX debut.

  • The ASX200 closed 0.15% lower on Thursday at 7225.20 points.
  • Dubber plunged 6% despite announcing a new partnership with BT.
  • Close The Loop soared 50% on its ASX debut today following $12m IPO.

The Australian market closed lower for a second straight session with the key index falling 0.15% to end Thursday’s session at 7225.20 as a tech stock tumble dragged down the key index.

The tech sector fell more than 3% on Thursday led by Afterpay tumbling 6%, Xero plummeting 5% and EML Payments finishing the session 2.6% lower.

Bitcoin is trading 0.07% lower over the last 24-hours at US$56,851.17 at 4:30pm AEDT.

Cloud-based call recording software Dubber plunged 6% today despite announcing a new partnership agreement with one of the world’s leading providers of global communications services, BT. Under the multi-year partnership, BT will deliver unified call recording (UCR) to multinational organisations globally, using Dubber’s technology embedded as the default recording and conversational intelligence solution in the BT Meetings suite of managed services.

Making headlines, sustainability solutions provider Close The Loop skyrocketed 50% on its ASX debut today to close its debut session at $0.30/share. Close The Loop had an IPO at $0.20/share raising $12m to give the company a market capitalisation of $66 million on debut. Close The Loop is the first company to list on the ASX that provides full circular-economy solutions from design, manufacture, collection and reuse or recycling. Proceeds from the IPO will be used to enable the company to scale its operations and upgrade machinery.

And HBO spent US$30m to script, cast, and even film an episode of a Game of Thrones prequel that was then scrapped and will never be completed or hit TV screens.

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