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ASX 200 LIVE: Guzman y Gomez to hit ASX boards; shares slip

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Guzman y Gomez targets more than 1000 stores in Australia. Bitcoin fund lists on ASX. Wall St closed. NZ exits recession. Gold, oil flat. Follow updates here.

The local sharemarket traded 0.1 per cent lower on Wednesday lunchtime after burritos merchant Guzman y Gomez rocketed 36.2 per cent on its ASX debut. The advance means its market cap tops more than $3 billion as the group says it can grow its store count in Australia from around 185 today to more than 1000 if the mania for its burritos gathers pace. The best performing sector on the S&P/ASX 200 is energy, up 0.2 per cent. The materials sector is down 0.2 per cent, and 10.

Price war The first ASX-listed bitcoin fund is also due to start trading after Van Eck got its offering across the line with regulators. Both Monochrome and Global X already have bitcoin ETFs available to trade on the alternative Cboe exchange. There will also be policy decisions from central bankers in Norway and Switzerland. The Australian dollar is trading around US66.72¢. Stocks in focus Shares in property group Dexus are down 1.4 per cent to $6.

Source: Digital Coin News (digitalcoinnews.net)

 

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