Business
Can these ASX IT shares carry their momentum into 2021?
If you’re an investor looking for momentum going into the new year, you may be eyeing off shares in the S&P/ASX All Technology Index (ASX: XTX).
The sector has gained positive momentum as we count down the final days of 2020, with the All Tech Index rising by 8% in December.
Information technology (IT) shares have, in general, been the major winners in the pandemic – as people and businesses increasingly moved online due to coronavirus restrictions.
The sector includes some of the market’s biggest names, including Afterpay Ltd (ASX: APT), which has increased by 15% this month alone.
Given an effective vaccine and full reopening could be around the corner however, can this sector keep up its momentum in 2021?
We take a look…
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