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).
The S&P/ASX 200 (INDEXASX: XJO) delivered another positive day on Tuesday despite growing recession concerns as Myer shares made headlines.
The Zip Co Ltd (ASX:ZIP) share price is up after the company released its FY22 fourth quarter, showing more customer and merchant growth.
The Zip Co Ltd (ASX:ZIP) share price is on watch after the BNPL business announced that the merger with Sezzle Inc (ASX: SZL) was abandoned.
The S&P/ASX 200 (INDEXASX: XJO) started the new year at a lower point but today the ASX 200 price is up 1.4% at midday. Austal (ASX:ASB) and Collins Foods Group (ASX:CKF) are in focus.
The S&P/ASX 200 (INDEXASX:XJO) and All Ordinaries (ASX:XAO) had a strong day Tuesday but the ASX 200 quickly reversed those gains on Wednesday.
We’re nearly at the end of the 2022 financial year. I think there are some really good investment lessons to take from the last 12 months.
The S&P/ASX 200 (INDEXASX: XJO) and All Ordinaries (ASX: XAO) struggled to maintain positive sentiment on Wednesday with weakness in the technology and financial sectors sending a 0.5 per cent gain to a 0.2 per cent loss. Crown Resorts Ltd (ASX: CWN) was the one positive for investors.
The All Ordinaries (ASX: XAO) and S&P/ASX 200 (INDEXASX: XJO) were on hold ahead of the RBA’s latest board meeting and interest rate decision. Elsewhere the Zip Co Ltd (ASX: ZIP) share price was dumped by investors.
The weakest monthly inflation print in close to two years offered the best possible backdrop for the S&P/ASX 200 (INDEXASX:XJO) on Monday.
