ASX closed lower; Envirosuite surged on NASA contract; BOQ tanked on FY22 outlook

The ASX200 closed 0.11% lower on Wednesday at 7272.50.

Envirosuite rose 12% on NASA contract for X-59 Community Response Testing project.

Bank of Queensland shares tumbled on FY22 outlook & FY21 results.

The Australian market’s losing run extended to a third straight session on Wednesday, with the key index finishing the day 0.11% lower at 7272.50 as the metals and mining sector weighed down the key index.

The tech sector overturned a turbulent start to the week to close Wednesday’s session higher as Appen surged 3.91%, while Nearmap added 2.17% and Xero closed the day 1.63% higher.

Bitcoin is trading 2.07% lower over the last 24-hours at US$55,448.30 at 4:45pm AEDT.

Environmental intelligence SaaS company Envirosuite soared 12% today after announcing a new contact with US space agency, NASA. Envirosuite has been contracted by NASA to work on the X-59 Community Response Testing project through providing a software platform for collecting, processing and visualising data from NASA’s low-sonic boom flight tests, with an eight-year period of performance.

Making headlines, Bank of Queensland shares tanked 4% today after the retail bank released its FY21 results. For the year BOQ reported an 83% increase in net profit after tax to $412m, a 13% increase in total income to $1.26bn, and declared a fully franked final dividend of 22c/share. Shares in BOQ dipped today as investors digested the company’s outlook for FY22.

And a global child survey has led Lego to remove all gender bias and stereotypes from its toys.