Here are some of the best performing ASX tech shares today

Afterpay Ltd (ASX:APT) and Xero Limited (ASX:XRO) are 2 of the best performing ASX tech shares today. Here’s what’s been going on
The post Here are some of the best performing ASX tech shares today appeared first on The Motley Fool Australia. –

party of asx shares represented by happy orange balloon floating above sad grey balloons

What a difference a day makes! Yesterday, we reported on how the ASX tech sector, specifically, the S&P/ASX All Technology Index (ASX: XTX), was on the brink of a bear market. A bear market is when an index falls by more than 20% from its most recent high. And yesterday, ASX tech shares were indeed knocking on that door.

But today, the sun has come out, so to speak. A the time of writing, the All Technology Index is up a healthy 3.3%, putting a floor (at least for now) under the losses of the past month or so.

So let’s look at some of the best performing tech shares today.

4 top-performing ASX tech shares

Afterpay Ltd (ASX: APT)

Afterpay is, at the time of writing, one of the top performers on the S&P/ASX 200 Index (ASX: XJO) today with a 7.8% rise to $115.85 a share. It’s a remarkable comeback from earlier in the week, which saw Afterpay shares lose more than 12% of their value at one point.

As my Fool colleague reported this morning, Afterpay has also announced today that its European expansion plans are on track with the now-completed acquisition of Pagantis, which seems to have helped sentiment as well.

Even after this move, the Aferpay share price still remains down almost 27% from where it was a month ago.

Hub24 Ltd (ASX: HUB)

Hub24 is another company that is performing well today, with its shares up 4.14% at the time of writing to $21.46. The Hub24 share price has had a brutal month, falling close to 25% from around $25.80 a month ago to yesterday’s closing level.

However, today’s upwards move has cut that fall to around 16%. That’s despite the bumper earnings that Hub24 delivered a couple of weeks ago, which included a 39% surge in net profits.

Temple & Webster Group Ltd (ASX: TPW)

The online furniture retailer is having a pretty joyous day today as well, with Temple & Webster shares rising 5.14% at the time of writing to $8.70 apiece. However, like Hub24 and Afterpay, this disguises what has also been a rough month for the company.

Even after today’s moves, the Temple & Webster share price remains down around 27% from the highs we were seeing in mid-February. It also remains around 8.7% lower than where it was just last Thursday.

Xero Limited (ASX: XRO)

The Xero share price is another top-performing tech share today. At the time of writing, Xero shares are up a healthy 3.1% to $111.68 a share. That’s still down around 16.5% from where they were a month ago, and almost 25% lower than where this ASX tech share started the year.

Even so, the company’s price-to-earnings (P/E) ratio still stands at a relatively lofty 470 at today’s prices, and the Xero share price remains up by nearly 50% over the past 12 months.

Where to invest $1,000 right now

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

See The 5 Stocks

*Returns as of February 15th 2021

More reading

Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of AFTERPAY T FPO, Hub24 Ltd, and Temple & Webster Group Ltd. The Motley Fool Australia owns shares of Xero. The Motley Fool Australia has recommended Hub24 Ltd and Temple & Webster Group Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post Here are some of the best performing ASX tech shares today appeared first on The Motley Fool Australia.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;

To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.

An active and funded account with a positive trading balance is required to continue to have access to the tools;

Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;

Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!