ASX 200 rose 1.6%

The S&P/ASX 200 Index (ASX:XJO) went up 1.6% despite troubles in the US Capitol building. The Rio Tinto Limited (ASX:RIO) share price soared.
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ASX 200

The S&P/ASX 200 Index (ASX: XJO) went up by 1.6% today to 6,712 points.

There were incredible scenes in the US after the Capitol building was stormed. But eventually Congress certified Joe Biden as the next president.

Here are some of the highlights from the ASX:

Strong share price movements

The strongest performer within the ASX 200 today was Rio Tinto Limited (ASX: RIO), its share price went higher by 8.6%. The BHP Group Ltd (ASX: BHP) share price rose by more than 6%.

Another of the strongest performers was Janus Henderson Group (ASX: JHG), the share price went up around 8%.

Oil producer Santos Ltd (ASX: STO) saw its share price rise 7.4% after yesterday’s oil price cut from Saudi Arabia.

The IGO Ltd (ASX: IGO) share price went up another 7.4% today after an increase yesterday.

Lynas Rare Earths Ltd (ASX: LYC) was another of the top performers within the ASX 200, the Lynas share price grew by 7.25%.

But there were also some heavy movements in the red as well. Tech names were sold off. At the bottom was the Xero Limited (ASX: XRO) share price which fell 5%. The Afterpay Ltd (ASX: APT) share price dropped just over 4% and the Altium Limited (ASX: ALU) share price also fell around 4%. Rounding out the worst five performers in the ASX 200, the Charter Hall Group (ASX: CHC) share price dropped 5% and the Silver Lake Resources Limited. (ASX: SLR) share price dropped 4.25%.

Outside of the ASX 200, there were some other strong performers. The Contact Energy Limited (ASX: CEN) share price went up 14%, the EBOS Group Ltd (ASX: EBO) share price went up 7.5% and the Meridian Energy Ltd (ASX: MEZ) share price also grew 7.5%.

Zebit Inc (ASX: ZBT) sales

Zebit announced its FY20 fourth quarter and total FY20 sales numbers.

The ASX share announced that it had delivered record FY20 net sales of US$88.1 million, which was higher than FY19.

FY20 fourth quarter net sales of US$44.8 million beat the prior corresponding period by 35.2%, or US$11.6 million.

In December 2020 net sales were US$21.3 million, which was a 55.4% increase compared to December 2019.

Zebit said that it executed 8 new business to business acquisition partnerships that accounted for 28,800 registered users in the fourth quarter of FY20. The company finished with 792,000 registered users at the end of the year.

Zebit CEO Marc Schneider said: “The strength of Zebit’s performance through the fourth quarter is a bellwether for the increasing demographic of consumers who value and repeatedly use the company’s e-commerce services. We expect strong growth in 2021 as we expand our reach in helping the increasing number of Americans living paycheck to paycheck purchase everyday products that many of us take for granted. In addition to its primary e-commerce sales channel, as physical retail stores reopen, Zebit will also enable consumers to continue to finance purchases in physical retailers through sales of electronic gift certificates on our platform that can be redeemed in brick and mortar.”

The Zebit share price went up 12.6% today.

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Tristan Harrison owns shares of Altium. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Altium. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Xero. The Motley Fool Australia owns shares of 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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