Australian shares open 0.3pc lower; Beach unveils new dividend policy; JB Hi-Fi lifts dividend by 21pc; Appen flags $204m impairment; Potentia commences due diligence on Tyro. Follow updates here.
Tech stock investors face a year of stiff competition to buy into quality local companies such as WiseTech and Xero as tight capital markets keep the lid on fresh listings.
2022 was a difficult year for listed technology businesses. Rising interest rates, slowing growth and heightened scrutiny of business models drove the NASDAQ and the Australian IT Index down 33% and 34% respectively, with many formerly high-flying stocks faring even worse. Has this created an opportunity in 2023? While we.