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Vaccine milestone sends Flight Centre Australia shares back into the sky

  • ASX200 closed 0.17% higher on Tuesday at 7503 points.
  • ReadyTech surged just under 10% on strong FY21 results.
  • Flight Centre shares surged 7% on NSW vaccination milestone.

The Australian market’s recovery from last week’s losses continued on Tuesday as the key index closed 0.17% higher at 7503 points on Tuesday led by strong gains for energy stocks. Nanosonics was the biggest winner today, closing the session up 21.31%.

The tech sector rounded out Tuesday with a positive finish, boosted by Nuix gaining more than 2.5% and Nearmap adding just under 2%.

Bitcoin is trading 0.9% lower over the last 24-hours at US$49,737.06 at 5pm AEST.

Student management system ReadyTech surged just under 10% today after releasing strong FY21 results. For the 12-months, ReadyTech reported a 27.4% increase in revenue to $50m, a 45.3% increase in profit after tax to $2.1m, and customer retention of 96% for the period.

Making headlines, travel shares took off today with Flight Centre gaining more than 7% after New South Wales hit a vaccination record today of 6 million doses administered. As a result of the milestone, premier Gladys Berejiklian announced the potential freedoms for fully vaccinated NSW residents in the near future.

And electric vehicles are already going wireless for charging as the Genesis EV, the first electric car from Hyundai’s luxury car line, is capable of being charged simply by driving over a battery charging mat.

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