ASX 200 drops, Appen sinks, Nine jumps on Wednesday 24 February 2021

The S&P/ASX 200 Index (ASX: XJO) dropped by 0.9% today to 6,778 points.

Here are some of the highlights from the ASX:

Appen was the worst performer in the ASX 200 today, falling by 12% in response to its FY20 result.

The technology business reported that its revenue increased by 12% to $599.9 million. It said that it had a growing customer base including 136 new customer wins in 2020. There was also a 34% increase in the number of projects with its top five customers. It revealed that China revenue is growing by 60% quarter on quarter.

Appen’s committed revenue increased to 31% of the FY20 second half’s total revenue, up from 12% in the first half.

Underlying earnings before interest, tax, depreciation and amortisation…