ASX Opens 0.5pc Higher, Buoyed by Strong Gains Across the Technology Sector

Australian Financial Review2022-03-29

Australian shares have climbed 0.5 per cent to 7446.2 in the opening minutes of trade, buoyed by strong gains across the technology sector.

Uniti Group jumped 1.9 per cent to $4.81 after receiving a revised takeover proposal from a consortium comprising HRL Morrison&Co and Brookfield Infrastructure.

Crown Resorts firmed 1.1 per cent to $12.74 on news that Blackstone has received FIRB approval for its acquisition of Crown. Telstra edged 0.4 per cent higher to $2.88 after finalising the legal structure for its T22 strategy.

Telix Pharmaceuticals rose 3.6 per cent to $4.30 after signing an agreement with Xiel for the distribution of Telix’s prostate cancer investigational imaging product, Illuccix in the United Kingdom.

Square leads the market, climbing 6.3 per cent to $182.25, followed by PolyNovo which is up 4.7 per cent to $1.11, and Charter Hall, which rose 3.9 per cent to $16.36.

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