ASX closed higher; AnteoTech expands into Greece & Cyprus; Myer soared on FY21 results

The ASX200 closed 0.58% higher at 7460.20 on Thursday.

AnteoTech jumped almost 12% on a new distribution agreement.

Myer soared 16% on impressive FY21 results including $51.7m profit.

The Australian market closed 0.58% higher at 7460.20 on Thursday as the energy sector led gains following the rising oil price. Australian Pharmaceutical Industries was the best performing stock on the all ordinaries, gaining 16.54% after Wesfarmers increased its acquisition offer.

Tech stocks closed higher on Thursday as Altium surged 3.3%, IRESS gained 2.58% and Xero added 1.39%.

Bitcoin is trading 3.10% higher over the last 24-hours at US$48,387.60 at 4:35pm AEST.

Shares in Biotech company AnteoTech jumped 11.90% today after the company announced it has signed an exclusive distribution agreement with Ramma Dental for its EuGeni Reader platform and COVID-19 Antigen Rapid Diagnostic Test. Under the deal, AnteoTech’s two products will be distributed through Greece and Cyprus for an initial 3-year term from October 1.

Making headlines, department store giant Myer soared 16.67% today after releasing impressive full year results. For the financial year, Myer reported a 5.5% increase in sales to $2.66bn, a 27.7% growth in online sales, and a net profit after tax of $51.7m, compared to a $13.4m loss for FY2020.

And TikTok has banned the recent ‘Devious Licking’ viral challenge where users, particularly school children, go around stealing things from different venues. The popular social media app has blocked the # and banned videos uploaded of the challenge.