Zip Co Ltd (ASX:ZIP) provides customers with a revolving line of credit to finance their retail purchase with its brands of Zip Pay, Zip Money and Pocketbook. It is one of the largest Buy Now, Pay Later (BNPL) providers in Australia. Some of its largest clients include Bunnings Warehouse, Appliances Online, EB Games and Officeworks. Zip Co shares once traded under the ‘Z1P’ ticker symbol but have since changed to ‘ZIP’ (the old Ziptel ASX ticker symbol).
It wasn’t a pretty day for the ASX buy now, pay later (BNPL) sector at large. But the Openpay Group Ltd (ASX:OPY) share price bucked the trend and charged higher.
Today the ASX 200 (ASX: XJO) was weighed down by a big sell-off of Zip Co Ltd (ASX: Z1P) shares and Evolution Ltd (ASX: EVN) shares, which sank 14% and 10%, respectively. Z1P shares were particularly hard hit, despite 69,764 trades taking place.
The Zip Co Ltd (ASX:Z1P) share price is down almost 12% right now. However, it is still up substantially over the last month.
The S&P/ASX 200 (INDEXASX:XJO) is set to slide when the market opens on Wednesday. BHP Group (ASX:BHP) and National Australia Bank (ASX:NAB) shares are in the news.
The S&P/ASX 200 (INDEXASX:XJO) is poised to rise when the market opens this morning. JB Hi-FI (ASX:JBH) and Nearmap (ASX:NEA) shares are in the news.
The S&P/ASX 200 (INDEXASX:XJO) is expected to rise when the market opens on Monday. Zip Co (ASX:Z1P) and Baby Bunting (ASX:BBN) shares are in the news.
The S&P/ASX 200 (INDEXASX:XJO) is set to slide when the market opens on Thursday. Commonwealth Bank (ASX:CBA) and CIMIC (ASX:CIM) shares are in the news.
The Zip Co Ltd (ASX:Z1P) share price is going nuts. It rose 13% on Monday and it’s up 64% since 20 January 2021.
The S&P/ASX 200 (INDEXASX:XJO) is expected to open flat on Monday. News Corporation (ASX:NWS) and REA Group (ASX:REA) shares are in the news.
