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

BNPL shares are pulling out in front today.

| More on:

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.

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

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

Man on his phone in front of all his computer screens.
Technology Shares

$10,000 invested in WiseTech shares 12 months ago is now worth…

This tech leader has lost some investor confidence.

Read more »

A girl is looking very confused, with one eyebrow raised saying what?
Technology Shares

What on earth is going on with the WiseTech share price?

WiseTech shares have dropped into the red again today after a great rally.

Read more »

A warehouse worker is standing next to a shelf and using a digital tablet.
Technology Shares

What's Macquarie saying about the Wisetech share price ahead of results?

After a difficult year, are these shares due for some upside?

Read more »

A group of three young men sit on a sofa in a home environment with a bowl of popcorn and beer bottles in front of them cheering on one of their teams on a phone.
Earnings Results

Light & Wonder earnings: Q2 profit and recurring revenue up in FY26

Recurring revenue reached US$580 million in the second quarter.

Read more »

Smiling young parents with their daughter dream of success.
Technology Shares

Why Life360 shares could be a strong buy this month

Looking for big returns? Bell Potter expects this tech stock to surge.

Read more »

A woman in a red dress holding up a red graph.
Technology Shares

How high does Macquarie think Life360 shares will go?

This tech company is looking undervalued.

Read more »

A man in a business suit scratches his head looking at a graph that started high then dips, then starts to go up again like a rollercoaster.
Broker Notes

Down 23% and 58%, should I buy TechnologyOne and Xero shares now?

A leading expert provides his forecasts for TechnologyOne and Xero shares.

Read more »

A blue globe outlined against a black background.
Technology Shares

A rare buying opportunity in 1 of Australia's top shares?

I think this business could be significantly undervalued.

Read more »