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Tyro Payments jumped 3% following a significant increase in total weekly payment value.

ASX closed flat; Tyro Payments rallied on weekly update; Woodside rose on new production facility

The ASX200 closed Monday’s session 0.34% higher at 7441 points.

Tyro Payments surged 3% as weekly payment value increased last week.

Woodside rose 3% on WA govt. announcement of new production facility.

The Australian market maintained momentum in afternoon trade to close Monday’s session 0.34% higher at 7441 points as a rally for energy stocks led gains on the key index. Mineral Resources was the biggest winner to start the week, closing the session up 9.29%.

The tech sector finished Monday’s session in negative territory as Nearmap fell 3.57%, EML Payments shed 3.15% and Afterpay lost 2.70% to start the week.

Bitcoin is trading 1.52% higher over the last 24-hours at US$61,944.25 at 4:45pm AEDT.

Tyro Payments started the week with a 3% share price increase on Monday following the release of the company’s weekly update. The fintech company reported its total payment value significantly increased week-on-week last week to $621m, with the same week a year earlier seeing $437m processed through Tyro’s systems. The rise last week corresponds to Victoria coming out of lockdown.

Making headlines, Woodside shares jumped 3.70% today after the West Australian government announced Woodside is set to invest more than $1bn to build a hydrogen and ammonia production facility in WA. H2Perth is the first phase of the facility with construction planned to commence in 2024 pending regulatory and commercial approvals.

And a Jamba Juice robot has gone viral on TikTok for failing at the job it was specifically made to do; the robotic arm shook while pouring the juice into the cup which made the content spill over the counter, missing the cup.

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