Business
Why the Kogan (ASX:KGN) share price is charging higher today
The market may be dropping lower today but that hasn’t stopped the Kogan.com Ltd (ASX: KGN) share price from charging higher.
In afternoon trade, the ecommerce company’s shares are up 1.5% to $16.89.
Why is the Kogan share price pushing higher?
The Kogan share price appears to be charging higher today on the belief that the COVID-19 lockdown in Victoria will give its sales a boost.
This afternoon the Victorian government announced that it would be locking down the state for five days from midnight tonight. This action is being taken in an effort to stop the spread of a highly transmissible strain of COVID-19.
During previous lockdowns, online retailers such as Kogan and Temple & Webster Group Ltd (ASX: TPW) performed very…
-
Noosa News17 hours agoBanana farmers still salvaging fruit four weeks after ex-Tropical Cyclone Alfred
-
Business21 hours agoBattle of the ASX ETFs: Why has VGS outperformed VTS this year?
-
Business20 hours ago5 things to watch on the ASX 200 on Monday 7 April 2025
-
Noosa News17 hours agoMeasles alert: Australia Zoo, Hospital ED, Sushi Hub, Holey Moley Mini Golf and train stations among QLD infection sites