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Australian sharemarket climbs higher, ‘perverse’ logic behind massive buy now pay later moves – NEWS.com.au
Australian sharemarket climbs higher, ‘perverse’ logic behind massive buy now pay later moves
The Australian sharemarket climbed higher, with gains seen in most sectors, while buy-now-pay-later (BNPL) stocks rocketed, seemingly on the back of one companys enormous spike.The S&P/ASX200 finished 0.91 per cent higher at 6868.9 while the All Ordinaries Index rose 0.97 per cent to 7149.7.
In the booming BNPL sector, Zip Co soared 16.9 per cent to $12.66, Sezzle leapt 7.29 per cent to $11.63, Laybuy jumped 7.9 per cent to $1.43 and market leader Afterpay added 1.59 per cent to $154.15.
ThinkMarkets…
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