The S&P/ASX 200 Index rose 1.2 per cent to 6687.1 on Monday. Nuix fell 13 per cent to 63.5¢, and Whitehaven Coal rose 5.2 per cent to $5.90.
Nuix shares dropped to a record low after the technology company said its 2022 revenue fell as much as 14 per cent. The stock closed at 63.5¢ and traded as low as 55¢ on Monday, tumbling further from itsRevenue will fall between $151 million and $154 million and annualised contract value is expected to be in the range of $160 million to $163 million, compared with $165.6 million in financial 2021.
It was a bright day otherwise for the ASX’s tech sector as bullish sentiment returned to global equities beginning with Wall Street on Friday.P/ASX 200 Index advanced 1.2 per cent, or 81.5 points, to 6687.1; the All Ordinaries 1.3 per cent to 6888. US consumers have moderated their inflation expectations, fuelling a rally on the hope that central banks can cool their tightening impulse. Respondents predicted an annual rate of 2.8 per cent over the next five to 10 years, down from June’s 3.1 per cent and the lowest since July of last year, the University of Michigan’s survey showed on Friday.hastened to 7.3 per cent from 6.9 per cent, ahead of economists’ forecast for 7.1 per cent, Stats NZ said on Monday.
Tyro Payments rose 7.7 per cent to 70¢, Life360 climbed 8.2 per cent to $3.81, and WiseTech Global firmed 7.2 per cent to $47.29.Supporting the positive mood in the equity market was China’s pledge todesigned to avert a wave of defaults for planned projects. China’s banking regulator instructed banks to lend to eligible developers.
Japan’s sharemarket was closed and Hong Kong’s Hang Seng was headed for a gain of 2.5 per cent before the closing bell in Sydney.
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