Tech Stocks Lead ASX Higher

Australian Financial Review2022-03-21

The Australian sharemarket has risen at the open, hitting a two-month-high, as tech stocks soared, mirroring a similar performance from Wall St on Friday.

The S&P/ASX 200 Index was up 43.1 points, or 0.6 per cent, to 7337.5.

Block was up 9.9 per cent to $185.64 while Novonix soared 7.2 per cent to $6.07 and Life360 was up 6.3 per cent to $5.61.

Zip Co climbed 5.9 per cent to $1.70, Appen added 4.7 per cent to $7.30 and Tyro Payments was up 5.8 per cent to $1.82.

Ampol was down 2.1 per cent while United Malt Group dropped 1.5 per cent to $3.90.

Atlas Arteria declined 1.4 per cnet to $7.14 and Newcrest Mining slid 1.3 per cent to $25.63.

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