ASX tech shares are leading the market's gains on Thursday

BNPL shares are pulling out in front today.

| More on:
A man is connected via his laptop or smart phone using cloud tech, indicating share price movement for ASX tech shares and asx tech shares

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

It's a good day to be an ASX investor, and an even better one to be an ASX-listed technology company.

The tech sector is leading the market's gains today, as buy now, pay later (BNPL) favourites such as Afterpay Ltd (ASX: APT) are among those leading the charge.

The S&P/ASX All Technology Index (ASX: XTX) is soaring today, gaining 2.72%, or 85.3 points.

The sector's day in the sun is helping to push the broader market higher. Right now, the S&P/ASX 200 Index (ASX: XJO) is 1.07%, or 78.3 points, higher than it finished yesterday's session.

Additionally, the All Ordinaries Index (ASX: XAO) is gaining 1.14% or 86.6 points.

Today's increases follow the 1.02% gain that tech heavy Nasdaq index managed to chalk up overnight.

Let's take a closer look at how some ASX tech favourites are performing today.

ASX tech shares are out in front

The ASX tech sector is leading the market today, helping to boost the ASX 200 more than 1% higher.

The sector is being boosted by big name share prices such as that of Afterpay, which has gained 4.5% today on the back of the Square Inc (NYSE: SQ) share price's similarly exuberant overnight gain.

Other BNPL stocks are also soaring. Leading the index's charge is the Splitit Ltd (ASX: SPT) share price, which has gained a whopping 10.8% today to trade at 46 cents.

Splitit's stock is soaring on news its chair, Dawn Robertson, bought 100,000 shares in the company, paying between 34.5 cents and 35.5 cents apiece.

The share price's of Ioupay Ltd (ASX: IOU), Sezzle Inc (ASX: SZL), and Laybuy Holdings Ltd (ASX: LBY) are all also in the green.

Bringing up the rear of the sector, is the Netlinkz Ltd (ASX: NET) share price. It has plummeted 4.5% despite only silence from the company.

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of and has recommended AFTERPAY T FPO and Square. The Motley Fool Australia owns shares of and has recommended AFTERPAY T FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Technology Shares

A man with his back to the camera holds his hands to his head as he looks to a jagged red line trending sharply downward.
Technology Shares

Xero breaks below $100 for the first time since 2023. What is happening?

Xero shares have fallen below $100 for the first time since November 2023.

Read more »

Soldier in military uniform using laptop for drone controlling.
Technology Shares

This ASX drone tech stock just hit a record high. Here's why investors are piling in

Elsight shares hit a record high as strong momentum, revenue growth, and insider buying attract investor attention.

Read more »

A woman on a green background points a finger at graphic images of molecules, a rocket, light bulbs and scientific symbols as she smiles.
Technology Shares

2 magnificent ASX tech stocks to buy in 2026

Quietly essential, globally relevant, and built for the long term. These are two ASX tech stocks I’m watching closely in…

Read more »

A child dressed in army clothes looks through his binoculars with leaves and branches on his head.
Opinions

Up 735% in a year! The red-hot EOS share price is smashing Droneshield and other defence stocks

Investor interest in defence stocks has boomed.

Read more »

It's raining cash for this man, as he throws money into the air with a big smile on his face.
Technology Shares

Up 700% in 12 months! Why this ASX tech stock just raised $150m

This high-flying stock is raising funds. But why?

Read more »

A montage of planes, ships and trucks, representing ASX transport shares
Technology Shares

Is Wisetech a buy, sell or hold at current levels?

Jarden has run the numbers on the Wisetech share price.

Read more »

a uranium-fuelled mushroom shaped cloud explosion surrounded by a circle of rainbow light with a symbol of an atom to one side of it.
Opinions

What's next for the best-performing ASX 200 stock of 2025?

This ASX stock boomed in 2026.

Read more »

A young man talks tech on his phone while looking at a laptop. A financial graph is superimposed across the image.
Opinions

3 reasons Xero shares are a screaming buy right now

Here's what I expect from the tech stock this year.

Read more »