Business
Welcome flurry of deal activity pushes ASX up 0.5pc – The Australian Financial Review
The catapult that was Link’s rocketing share price helped the S&P/ASX 200 Index gain 0.5 per cent on Monday. But it was not the only deal fuelling market gains.
Buy now pay later business Zip Co rallied more than 5 per cent to $7.99.
Zip appeared to move on quarterly updates from Sezzle and Splitit last week that sparked a strong performance for their share prices. Broker Citi opened a “catalyst watch” on Zip on the belief the company could deliver better than expected first-quarter results.
The broker’s analysis of user metrics points to a solid first quarter, especially for Quadpay in the US.
Fibre infrastructure company OptiComm rallied 9 per cent…
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