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The Tesoro Resources Limited (ASX: TSO) share price is soaring 9% higher today. At the time of writing, shares are up 8.7% to 12.5 cents, having earlier seen gains of 13%.

After rallying in early trade, shares in the mining company entered a trading halt before being reinstated.

Here’s why the company was in a trading halt and why investors are jumping on shares in Tesoro.

Tesoro share price reinstated after temporary pause

Earlier today, Tesoro notified investors that shares in the company would be temporarily paused. The company cited a further announcement as reasoning for the pause in trading.

Shares in Tesoro were shortly reinstated after the company retracted and replaced a previous presentation.

The company told investors unclassified material in the previous investor presentation was not in accordance with guidelines. As a result, Tesoro retracted the statements from the previous presentation and provided a replacement presentation.

The announcement follows the company’s managing director presenting a webinar on Tesoro’s El Zorro Gold Project earlier today.

Overview of Tesoro

Tesoro is a mining exploration and development company with projects in the Coastal Cordillera region in Chile. The region hosts multiple copper and gold mines, with much of the area remaining unexplored due to the nature of mining concession ownership in Chile.

Via its in-country network, Tesoro has secured the rights to scale gold projects in the region, with the company holding the rights to 85% of the El Zorro Gold Project.

Snapshot of the Tesoro share price

The Tesoro share price has come under fire recently.

Despite rallying in today’s trading session, shares in Tesoro are more than 58% lower since the start of the year.

Shares in the mining exploration company suffered a blow yesterday, tumbling by more than 30%.

The Tesoro share price was on the receiving end of hard selling after reporting its maiden Mineral Resource Estimate (MRE) for the Ternera Deposit at its El Zorro Gold Project.

The company reported an MRE of 25.1 million tonnes at 0.8 grams per tonne for 660,000 ounces of gold. Investors did not seem pleased with the result, sending the Tesoro share price tumbling.

As noted previously, shares in Tesoro are stronger today. At the time of writing shares in the mining explorer are 8.7% higher for the day at 12.5 cents, down from an intra-day high of 13 cents.

The post Here’s why the Tesoro (ASX:TSO) share price is flying 9% higher today appeared first on The Motley Fool Australia.

More reading

• Here’s why the Tesoro Resources (ASX:TSO) share price is tumbling 31% today
• Tesoro Resources (ASX:TSO) share price climbs on quarterly update

Motley Fool contributor Nikhil Gangaram has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Betmakers Technology Group Ltd (ASX: BET) share price is going for gold. At the time of writing, shares in the wagering technology company are trading for $1 each – up 7.57%.

While the company hasn’t made any price sensitive announcements for the past 3 days, there are several external factors that might be playing a role in today’s massive price rise.

Let’s take a closer look.

Tech shares are up

It’s not just the Betmakers share price that’s going gangbusters. Other tech shares like Zip Co Ltd (ASX: Z1P) and WISR Ltd (ASX: WZR) are up 4.7% and 9% respectively. In fact, the entire S&P ASX All Technology index (ASX: XTX) is 2.17% higher at the time of writing.

Why is that? One answer might lie across the Pacific Ocean.

As Motley Fool’s own Scott Phillips has previously told this reporter:

The old saying is ‘when America sneezes, Australia catches a cold’.

In other words, when American markets are down, Aussie markets are down. When US markets are up, so is the ASX.

The tech heavy NASDAQ Composite rose 0.7% overnight after a fall in US 10-year treasury bond yields.

According to the Financial Times, comments by US Federal Reserve Chair, Jerome Powell, about a possible tapering of bond buybacks sent yields falling.

According to FT, analysts are reading Powell’s comments to mean a slowdown in quantitative easing happening soon, but not too soon. This sent bond prices rising and thus yields falling as they are inversely related.

The relationship between 10-year bond yields and tech shares is also inversely related.

Why else would the Betmakers share price be flying?

Another reason the Betmakers share price might be doing so well is recent news by industry compatriot PointsBet Holdings Ltd (ASX: PBH). PointsBet has announced an underwritten capital raising of approximately $400 million.

PointsBet will be selling about 23 million new shares, with retail trading rights, for $8.00 per new unit. This is a discount of 29% on the current PointsBet share price.

As more shares will be on the market, this will increase their supply and thus decrease their price.

This capital raising by a fellow wagering company might be having an impact on the Betmakers share price.

Betmakers share price snapshot

Over the past 12 months, the Betmakers share price has increased 126%. Year-to-date it is 42.1% higher. Its 52-week high is $1.65 and its low in that period is 38 cents per share.

Betmakers has a market capitalisation of $838 million.

The post Why the Betmakers (ASX:BET) share price is rocketing 8% today appeared first on The Motley Fool Australia.

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• Here are the 3 most heavily traded ASX 200 shares this Monday
• Why the BetMakers (ASX:BET) share price is racing 6% higher on Friday
• The Betmakers (ASX:BET) share price is 35% off its 52-week high
• Why the BetMakers (ASX:BET) share price finished the day 5% higher

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Betmakers Technology Group Ltd, Pointsbet Holdings Ltd, and ZIPCOLTD FPO. The Motley Fool Australia has recommended Betmakers Technology Group Ltd and Pointsbet Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The AMP Ltd (ASX: AMP) share price has been a very well known clanger for ASX investors over the past five years. Perhaps due to its former size and scale, both in terms of market capitalisation, and presence on the Australian psyche, AMP’s fall from grace has been especially well documented.

As it stands today, AMP shares are trading at a price of $1.06. That’s just a hair’s breadth from the company’s 52-week (and all-time) low of $1.05. That’s also far cry from the $13-plus this company was trading at back in 1999.

This was just a few years after its demutualisation and ASX IPO. AMP is now down more than 92% from those highs, as well as down 81.72% from where it was just five years ago at $5.81 a share.

Losses like these are catastrophic for an investors’ wealth – representing a loss of 80-90 cents for every $1 invested in AMP shares.

But just like most ASX financials shares, AMP, at least until recently, was also one known as an ASX dividend heavyweight. Could these past dividends make up for these significant capital losses that investors have experienced with ‘the AMP’?

Well, let’s get the nasty stuff out of the way first. If an investor purchased $10,000 worth of AMP shares exactly five years ago, they would have received approximately 1,721 shares. Those 1,721 shares would today have a value of $1,824.40. Ouch.

But what about AMP’s dividends?

AMP’s dividends

Here is a complete summary of all of the dividends AMP Ltd has paid out since July 2016:

• October 2016 – 14 cents per share
• March 2017 – 14 cents per share
• September 2017 – 14.5 cents per share
• March 2018 – 14.5 cents per share
• September 2018 – 10 cents per share
• March 2019 – 4 cents per share
• October 2020 – special dividend of 10 cents per share

And…. that’s it.

First of all, it’s worth noting that AMP’s dividend peaked in 2008 when the company sent 24 cents per share out the door every 6 months. It’s been more or less downhill ever since.

Secondly, it’s also worth taking into account that these dividends all came with franking credits. These were franked to 90% (with the exception of the 2020 special dividend, which was fully franked).

So, as you can probably gather, these dividends do not make up for AMP’s dismal share price performance over the past five years. But let’s see how the shortfall looks.

The dividends listed above amount to a total of 81 cents per share. So with our 1,721 shares, we would have expected to receive approximately $1,394 in dividend payments. Adding that to our capital that we have left after the past five years, and we get to a figure of $3,218.40.

So even with AMP’s dividends included, we have still lost around $6,780. Or close to 68% of our initial investment. The marginal benefits of AMP’s partial franking would narrow this gap, but only slightly.

Long story short, AMP has been a dreadful investment over the past five years, even if you include the dividend payments investors would have received over this period.

No doubt investors today would be praying that the next five years look a lot better for the AMP share price.

The post The AMP share price is down 80% over 5 years. But have the dividends paid off? appeared first on The Motley Fool Australia.

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• How does the dividend for AMP (ASX:AMP) shares compare to the financial services sector?
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• The AMP (ASX: AMP) share price is trailing the ASX 200 by 60% over the past year
• AMP (ASX:AMP) share price slides as ASIC ends criminal proceedings

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Telstra Corporation Ltd (ASX: TLS) share price has been one of the best performing out of the top 50 ASX-listed shares so far in 2021. On a year-to-date (YTD) basis the telecommunications company has delivered a return of ~25%.

While such returns are truly exceptional for an ASX-listed blue-chip share, Perennial Value Management is betting on even better things to come.

Promising future for Telstra share price

Perennial discussed the prospects of the well-known telco in its June monthly report. Telstra holds a spot in the Perennial Value Australian Shares Trust, a trust fund that is geared towards ‘value’ orientated ASX shares.

According to the report, Perennial foresees headwinds subsiding as the NBN roll-out nears its completion. While in the past the likes of Telstra and TPG Telecom Ltd (ASX: TPG) have been hit by the impact on their fixed-line businesses, Perennial expects mobile segments to perform strongly.

Both the adoption of 5G technology and increasing data needs have the fund looking positively towards the sector. This bodes well for the Telstra share price, being the leader in 5G coverage across Australia.

Further to this, the consolidation in the telecommunications industry appears to be developing a tailwind for the sector. On this topic Perennial said:

The recent merger of TPG with Vodafone has improved the industry structure, effectively locking in a three-player market. This is likely to lead to a rational competitive environment and recent pricing increases suggest this is occurring.

These remarks reiterate comments made by CEO Andy Penn from earlier in the year regarding growth. That’s right, the ‘G’ word – growth… not a word that has been in the vocabulary of Telstra investors for quite some time.

Mr Penn suggested Telstra was aiming for earnings before interest, taxes, depreciation, and amortisation (EBITDA) to increase in FY22, and climb further the following year. Certainly providing positive sentiment towards the Telstra share price.

Value in telecommunications infrastructure

The fund also covered the evident value proposition in telecommunications assets to infrastructure investors. In particular, Telstra managed to sell 49% of its stake in its mobile towers at a 28 times EBITDA multiple.

As a result, Telstra will receive $2.8 billion in proceeds. The company has slated half of the funds to be returned to shareholders in FY22. Perennial suggested these improving sector dynamics place telcos as one of its preferred defensive exposures.

The telco giant holds a market capitalisation of $44.78 billion based on the current Telstra share price.

The post Telstra (ASX:TLS) share price and improving sector dynamics – Expert appeared first on The Motley Fool Australia.

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• These ASX 200 shares have just hit 52-week highs
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• When will the Telstra (ASX:TLS) dividend increase again?
• The Westpac (ASX: WBC) share price is down 20% in 5 years. But have the dividends paid off?

Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Telstra Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Commonwealth Bank of Australia (ASX: CBA) share price is struggling today and it seems regulators are as well.

The Commonwealth Bank is among a number of bodies worried about the foray into the financial system of Apple Inc (NASDAQ: APPL) and Alphabet Inc‘s (NASDAQ: GOOGL) Google.

However, as the Australian Financial Review reports, regulators are arguing about who should be in charge of looking into international tech giants’ position in the financial sector.

Right now, the CBA share price is in the green by 0.06%, trading for $99.36. However, it’s been seesawing since the market opened this morning.

Let’s take a look at CBA’s newly born campaign against Apple’s payments system.

Who’s meant to regulate Apple and Google?

The CBA share price is wobbling while Australia’s regulators reportedly pass the potato on holding Apple and Google to account.

According to the Australian Financial Review, the Reserve Bank of Australia, the Australian Competition and Consumer Commission (ACCC), the Australian Prudential Regulation Authority (APRA), and the Australian Securities and Investments Commission (ASIC) have all shirked responsibility for the time being.

Commonwealth Bank’s CEO Matt Comyn brought the issue up at a parliamentary joint committee on corporations and financial services on Tuesday.

He said Apple Pay accounts for 80% of iPhone ‘tap and go’ payments. The payments are processed by banks but the banks have no access to an iPhone’s near field communication (NFC) abilities.

This apparently means Apple has cemented itself as the sole provider of ‘tap and go’ payments. It also means banks’ apps are less useful than they could otherwise be.

Apple also communicated with the committee. Unsurprisingly, it disagreed with Comyn’s statements and claimed its Apple Wallet feature encouraged competition.

The Australian Financial Review reported the Australian Treasury has received a report on the matter.

APRA and ASIC are said to be waiting until the report is made public before deciding on regulatory directions.

CBA share price snapshot

Despite today’s wobbles, the CBA share price has been performing well lately.

It has gained 18% year to date. It is also 36% higher than it was this time last year.

The post CBA (ASX:CBA) share price wobbles amid regulatory confusion over Apple appeared first on The Motley Fool Australia.

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• CBA (ASX:CBA) share price closes lower as bank warns of shrinking GDP
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• Google (NASDAQ:GOOG) share price climbs on blockbuster earnings
• CBA (ASX:CBA) share price lower following major regional branch changes

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Alphabet (A shares), Alphabet (C shares), and Apple. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool Australia has recommended Alphabet (A shares), Alphabet (C shares), and Apple. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Regis Resources Limited (ASX: RRL) share price has been among the best performers on the S&P/ASX 200 Index (ASX: XJO) on Thursday.

In afternoon trade, the gold miner’s shares are up 7% to $2.66.

Why is the Regis Resources share price racing higher?

Investors have been bidding the Regis Resources share price higher today following the release of a strong fourth quarter update.

According to the release, Regis Resources achieved quarterly gold production of 114,145 ounces with an all-in sustaining cost (AISC) of $1,387 per ounce. This was driven by record production of 96,829 ounces at Duketon with an AISC of $1,254 per ounce and two months of production at Tropicana.

This brought its full year production to 372,870 ounces with an AISC of $1,373 per ounce.

Regis Resources’ Managing Director, Jim Beyer, commented: “Production from Rosemont underground lifted to record levels and this saw our production for the year from Duketon finish within the guidance range and AISC only slightly above. Completion of the Tropicana acquisition and record production at Duketon resulted in record Regis quarterly production of over 114koz for the June quarter.”

Gold sales

Also giving the Regis Resources share price a boost was its strong sales for the quarter.

The company reported total quarterly gold sales of $279 million, with an average realised price of $2,222 per ounce after adjusting for hedging. The latter was up from $2,014 per ounce in the previous quarter.

FY 2022 guidance

Another positive that appears to be supporting the Regis Resources share price was its guidance for FY 2022.

The release reveals that management is expecting its full year gold production to increase to 460,000 to 515,000 ounces. This comprises Duketon production of 340,000 to 380,000 ounces and Tropicana production of 120,000 to 135,000 ounces.

In addition, the company is expecting its AISC to be lower in FY 2022. It is forecasting an AISC of $1,290 to $1,365 per ounce.

Finally, growth capital is expected to be in the range of $155 million to $165 million, with exploration costs of $43 million.

The post Why the Regis Resources (ASX:RRL) share price is surging 7% higher today appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Aeris Resources Ltd (ASX: AIS) share price is pushing higher today following the company’s update in regards to its balance sheet.

At the time of writing, the mineral explorer’s shares are swapping hands for 22 cents, up 4.76%.

It’s worth noting that the Aeris share price is also within reach of breaking its multi-year high of 23 cents, which it hit in January 2021.

What did Aeris announce?

Investors appear pleased with the company’s efforts to shore up its balance sheet, sending the Aeris share price higher.

According to the release, Aeris advised it has become debt-free, repaying US$20 million to clear the balance of its senior debt facility (Tranche A).

Since 2015, Aeris has been financed by Special Portfolio Opportunity V Limited (SPOV), a subsidiary of a fund managed by PAG.

In addition to that announcement, Aeris revealed that Australia and New Zealand Banking GrpLtd (ASX: ANZ) has entered arrangements to becomes its senior banker. As such, ANZ will provide a $35 million Contingent Instrument Facility, a $20 million Working Capital Facility and unsecured hedging lines for gold and FX.

Both the Contingent Instrument Facility and the Working Capital Facility are subject to an annual review. Aeris stated that the pricing and terms are competitive for these types of facilities.

The Contingent Instrument Facility will cover the company’s environmental bonding and bank guarantee requirements. This releases $20 million that was held as collateral against bonding/guarantee obligations.

Following the final debt repayment and the release of $20 million in restricted cash, the net impact on the corporate cash balance is a reduction of $7 million.

Aeris executive chair, Andre Labuschagne commented:

When I started with Aeris at the end of 2012 we had almost US$150m in debt. Making this last repayment and finally being debt free is particularly satisfying.

We have had a long working relationship with ANZ, which has been further strengthened today as they now become our senior banker.

With a strong cash balance and financial flexibility, our focus is now to deliver on our development pipeline and aggressive exploration program planned for FY22.

About the Aeris share price

Shareholders will be celebrating the company’s news today, further accelerating the Aeris share price to a near multi-year high. Since this time last year, the Aeris share price has gained 450%, with year-to-date growth of 100%.

Based on today’s price, Aeris has a market capitalisation of roughly $468 million, with more than 2.2 billion shares on issue.

The post Why the Aeris (ASX:AIS) share price is nearing its multi-year high today appeared first on The Motley Fool Australia.

More reading

• Aeris Resources (ASX:AIS) share price slides on exploration update
• Why the Aeris (ASX:AIS) share price is jumping 10%
• 3 ASX shares that’ll grow regardless of inflation or economy: expert

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is bouncing back from yesterday’s decline and is on course to record a solid gain. The benchmark index is currently up 0.45% to 7,413.6 points.

Four ASX shares that are climbing more than most today are listed below. Here’s why they are charging higher:

A2 Milk Company Ltd (ASX: A2M)

The A2 Milk share price is up 3% to $6.14. This gain appears to have been driven by a broker note out of UBS this morning. Its analysts believe the recent selloff of its shares due to regulatory concerns in China has been an overreaction. It is comfortable that the company’s China-label relicensing program is on track and has reiterated its buy rating.

Airtasker Ltd (ASX: ART)

The Airtasker share price has risen 6% to $1.02 following the release of its fourth quarter and full year update. According to the release, the company reported full year gross marketplace volume (GMV) of $153.1 million, exceeding its prospectus forecast of $143.7 million. Also outperforming forecasts was its statutory cash flow from operating activities, which came in at $5.5 million. This compares to its prospectus forecast of $0.1 million.

IRESS Ltd (ASX: IRE)

The IRESS share price has jumped 14% to $14.30. This morning the financial technology company announced the receipt of another takeover approach. According to the release, EQT Fund Management has made a confidential, unsolicited, non-binding and indicative proposal to acquire IRESS for between $15.30 and $15.50 cash per share. This represents a 22.3% to 23.9% premium to the IRESS share price at yesterday’s close. Last month IRESS rejected a $14.80 per share proposal from EQT.

Regis Resources Limited (ASX: RRL)

The Regis Resources share price has stormed 7% higher to $2.66. Investors have been buying this gold miner’s shares following the release of its fourth quarter update. That update revealed quarterly gold production of 114,145 ounces, bringing its full year production to 372,870 ounces with an AISC of $1,373 per ounce. Looking ahead, management expects gold production to increase to 460,000 to 515,000 ounces with a lower AISC of $1,290 to $1,365 per ounce in FY 2022.

The post Why a2 Milk, Airtasker, IRESS, & Regis shares are charging higher appeared first on The Motley Fool Australia.

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• Why is the A2 Milk (ASX:A2M) share price up 5% on Thursday?
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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Airtasker Limited. The Motley Fool Australia has recommended A2 Milk. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Pointerra Ltd (ASX: 3DP) share price is slumping heavily today. This comes after the 3D geospatial data technology company provided an update on its enterprise sales activity during the June quarter.

At the time of writing, Pointerra shares are down a sizeable 7.89% to 43.7 cents. In comparison, the All Ordinaries Index (ASX: XAO) is up 0.42% to 7,682 points.

How is Pointerra performing for the June quarter?

Investors are heading for the hills, selling Pointerra shares despite the company reporting growth across key sectors. A possible catalyst for the Pointerra share price could be that the result did not meet the market’s lofty expectations.

For the period ending 29 July 2021, Pointerra advised annual contract value (ACV) increased by US$91 million from 29 April. The 24% quarterly growth brings total ACV for Q4 FY21 to US$9.80 million.

Pointerra attributed the uplift in ACV to an increase in customers across a broad range of sectors in the United States and Australian markets. This included areas such as utilities, surveying and mapping, engineering, mining, as well as oil and gas.

In addition, the company observed a surge in spending for its suite of Software-as-a-Service (SaaS) services. The adoption of cloud asset management platforms jumped as a result of Pointerra continually developing its 3D geospatial data technology.

Just last month, the company acquired United States digital asset management business, Airovant. In 2020, ACV growth had come primarily from the United States utilities and mapping sectors. However, management noted the past couple of quarters has seen a broader take-up of its services.

The company lastly said that quarter-on-quarter cash receipts could change as new customers are onboarded with different payment cycles.

About the Pointerra share price

Looking at the last 12 months, Pointerra shares have generated a 130% gain for shareholders, but have fallen 10% year-to-date. The company’s share price is sitting just lower than the middle of its 52-week range of 17 cents to 92.5 cents.

Pointerra commands a market capitalisation of about $298 million, and has more than 677 million shares on its books.

The post What’s happening with the Pointerra (ASX:3DP) share price today? appeared first on The Motley Fool Australia.

More reading

• 3 growing small cap ASX shares to watch closely
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Motley Fool contributor Aaron Teboneras 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 Pointerra Limited. The Motley Fool Australia has recommended Pointerra Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Afterpay Ltd (ASX: APT) share price is finally catching a break on Thursday, bouncing 3.49% higher to $102.46.

Two weeks on from the Apple announcement

It’s been a little over two weeks since the headlines that Apple was developing its own BNPL service.

However, the selling pressure continues to linger, with the Afterpay share price tumbling 3.60% to $99 on Wednesday.

The Wednesday decline was off the back of above average trading volume, with almost 1.5 million shares changing hands compared to Afterpay’s 10-day average of approximately 1.05 million shares.

What’s driving the Afterpay share price on Thursday

Afterpay shares might be taking Wall Street’s lead after the Nasdaq Composite posted a solid 0.70% gain overnight.

The tech-heavy Nasdaq managed to run higher despite the Dow Jones Industrial Average and S&P 500 edging 0.36% and 0.02% lower respectively.

Encouraging, Afterpay’s major US competitor, Affirm Holdings Inc (NASDAQ: AFRM) managed to post a 2.82% gain to US$61.18 as well.

The broader BNPL sector is also bouncing higher on Thursday, with the large cap players taking charge.

The Zip Co Ltd (ASX: Z1P) share price is up 5.49% to $6.91.

While Sezzle Inc (ASX: SZL) is also posting a 2.39% gain to $8.15.

Smaller players including Openpay Group Ltd (ASX: OPY) and Laybuy Holdings Ltd (ASX: LBY) are trading a respective 6.22% and 1.14% higher.

Despite a small victory today, the Afterpay share price is still down 4.05% this week and down 13.96% year-to-date.

The post Why the Afterpay (ASX:APT) share price is in the green today appeared first on The Motley Fool Australia.

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• Here’s why the Zip Co (ASX:Z1P) share price is leaping 5% today
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• Down 7% this week, why the Zip (ASX:Z1P) share price keeps falling
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Motley Fool contributor Kerry Sun 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 ZIPCOLTD FPO. 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.

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