Who are you backing this Saturday?
It will be odd watching the Grand Final on TV for us Melburnians, but we can certainly feel the mood kicking in with the long weekend.
In other news…
Great announcement by our portfolio company ASX:BCC on Zoleo’s partnership with GoPro.
The “Spring into Action campaign” will be run in Australia and New Zealand and will focus on “pure adventure”, promoting ZOLEO in extreme activities and conditions.
See pic below for more info or click here to access the full announcement.
We can’t wait to take our Zoleo outdoors this summer!
Investors appeared more relaxed about global economic uncertainties on Thursday, with the local share market advancing 1 per cent as tech and energy stocks rallied.
The S&P/ASX 200 finished the session at the 7370.2 mark, having started the week at 7390.4.
Blue chip stocks followed their Wall Street counterparts higher, as stocks reacted to easing fears about China property giant Evergrande and gained more certainty about the winding back of stimulus after the Federal Reserve’s two-day meeting.
Australian technology stocks followed their US peers higher with the sector posting gains of 3 per cent for the session. Afterpay gained 4.2 per cent to $131.54, while Xero followed with an increase of 2.8 per cent to $153.07.