Business
As it happened: Zip, Afterpay surge as ASX hits new 11-month high – The Sydney Morning Herald
The ASX 200 rose 0.8% to a new 11-month high on Thursday, with the tech sector and financials leading. Wall Street hit fresh records on the first day of Joe Biden’s…
The ASX 200 climbed as much as 0.9 per cent to 6829.3 in early trade with the major miners and banks strong, but it was the buy now, pay later sector that stole the limelight.
Zip Co led gains with a 23.1 per cent leap to $7.36 on a strong set of quarterly figures, including a 97 per cent in customer numbers to 5.7 million.
Rival Afterpay continued its sizzling run to 5.7 per cent and set another record high close of $149.
Thursdays gains were set against a backdrop of improved jobs data for December…
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