ASX tech players have outdone their US counterparts during COVID-19

While the ASX’s headline indices are still below pre-COVID lows unlike the American exchanges, our tech sector has performed better than the US during COVID-19.

The MSCI Australia IT sector performance since March 23 is up 142 per cent while the US is up just over 75 per cent.

In fact our tech sector has outperformed all of its global peers.

Pic: JP Morgan

The average performance of all ASX stocks in the tech sector paints an even rosier picture, with a 190 per cent gain. Forty-seven stocks have more than tripled in value and six have risen over 1,000 per cent.

Ophir Asset Manager co-founder Andrew Mitchell said the Australian tech sector would need to continue its strong performance if it wanted to establish itself as a leader.

“As a wealthy developed economy with a good education system we are going to need to be a leader here to help drive domestic productivity going forward, There’s no reason why we can’t,” he said.

Here are all the ASX tech stocks and their performance since March 23:

Swipe or scroll to reveal the full table. Click headings to sort.

Code Name Price % Return Since March 24 Market Cap
SZL SEZZLE INC-CDI 8.65 2010 1.64B
CRO CIRRALTO LTD 0.04 1650 55.35M
3DP POINTERRA LTD 0.42 1590 271.14M
SE1 SENSERA LTD 0.06 1370 19.01M
BRN BRAINCHIP HOLDINGS LTD 0.53 1220 733.75M
YOJ YOJEE LTD 0.22 1190 177.60M
OPY OPENPAY 3.68 1040 396.4M
TYM TYMLEZ GROUP LTD 0.14 976.92 37.40M
IP1 INTEGRATED PAYMENT TECHNOLOG 0.04 914.8 21.07M
IHR INTELLIHR LTD 0.28 868.69 62.92M
BUD BUDDY TECHNOLOGIES LTD 0.08 825 192.48M
NVX NOVONIX LTD 1.6 803.16 566.24M
TNT TESSERENT LTD 0.27 728.12 173.51M
APT AFTERPAY LTD 84.08 635.95 23.44B
AR9 ARCHTIS LTD 0.44 633.33 70.98M
SPT SPLITIT PAYMENTS LTD 1.66 585.42 642.86M
MYQ MYFIZIQ LTD 0.46 538.89 52.85M
FZO FAMILY ZONE CYBER SAFETY LTD 0.47 535.14 155.11M
KTE K2 ENERGY LTD 0.03 525 7.52M
WSP WHISPIR LTD 4.28 483.33 436.28M
Z1P ZIP CO 7.10 478 3.6B
VLT VAULT INTELLIGENCE LTD 0.58 452.38 74.24M
DTZ DOTZ NANO LTD 0.2 400 63.55M
BLG BLUGLASS LTD 0.08 341.41 84.99M
CAT CATAPULT GROUP INTERNATIONAL 2.37 335.19 448.60M
NUH NUHEARA LTD 0.05 333.33 72.36M
KNO KNOSYS LTD 0.12 307.41 16.37M
IAM INTIGER GROUP LTD 0 300 7.74M
HYD HYDRIX LTD 0.36 293.08 40.64M
LVH LIVEHIRE LTD 0.32 290.24 95.75M
9SP 9 SPOKES INTERNATIONAL LTD 0.04 290 47.41M
HTG HARVEST TECHNOLOGY GROUP LTD 0.34 286.36 155.65M
5GN 5G NETWORKS LTD/AUSTRALIA 2.18 284.21 200.59M
VR1 VECTION TECHNOLOGIES LTD 0.06 275 50.26M
HSC HSC TECHNOLOGY GROUP LTD 0.01 250 23.46M
DTC DAMSTRA HOLDINGS LTD 1.88 245.28 255.25M
NEA NEARMAP LTD 3.11 241.76 1.41B
ST1 SPIRIT TELECOM LTD 0.44 238.46 230.44M
TYR TYRO PAYMENTS LTD 3.61 238.32 1.81B
OPL OPYL LTD 0.22 225 4.80M
WBT WEEBIT NANO LTD 0.73 222.73 74.63M
DCC DIGITALX LTD 0.04 221.43 27.54M
BTH BIGTINCAN HOLDINGS LTD 1.27 220 482.58M
AO1 ASSETOWL LTD 0.01 217.31 4.41M
AVA AVA RISK GROUP LTD 0.3 215.79 70.67M
ESK ETHERSTACK PLC-CDI 0.62 210 74.99M
IOD IODM LTD 0.17 209.09 95.11M
SLX SILEX SYSTEMS LTD 0.57 200 101.07M
VOR VORTIV LTD 0.25 200 33.47M
COS COSOL LTD 0.73 196 94.35M
CGL CITADEL GROUP LTD/THE 4.34 192.41 343.96M
LNU LINIUS TECHNOLOGIES LTD 0.02 187.5 30.14M
CPT CIPHERPOINT LTD 0.06 181.93 5.66M
NTO NITRO SOFTWARE LTD 2.27 176.83 432.10M
OCL OBJECTIVE CORPORATION LTD 12.41 169.82 1.15B
8CO 8COMMON LTD 0.14 165.31 23.78M
EOL ENERGY ONE LTD 4.25 163.75 107.98M
ADA ADACEL TECHNOLOGIES LTD 0.78 163.27 59.24M
HWH HOUSTON WE HAVE LTD 0.04 162.5 10.99M
SBW SHEKEL BRAINWEIGH LTD 0.19 160 27.11M
CCG COMMSCHOICE GROUP LTD 0.1 156.1 20.10M
ADS ADSLOT LTD. 0.02 155.56 42.41M
EVS ENVIROSUITE LTD 0.2 153.09 210.06M
SIS SIMBLE SOLUTIONS LTD 0.03 150 6.05M
K2F K2FLY LTD 0.38 150 34.65M
FGO FLAMINGO AI LTD 0 150 2.80M
360 LIFE360 INC-CDI 4.15 145.45 623.55M
EPD EMPIRED LTD 0.5 145.24 82.54M
NOV NOVATTI GROUP LTD 0.23 144.68 52.00M
UBN URBANISE.COM LTD 0.07 142.86 50.68M
PPS PRAEMIUM LTD 0.51 142.86 208.43M
CDA CODAN LTD 10.91 140.3 1.97B
DUB DUBBER CORP LTD 1.23 139.22 253.66M
EML EML PAYMENTS LTD 3.23 139.1 1.15B
AMO AMBERTECH LTD 0.1 138.1 7.65M
FSG FIELD SOLUTIONS HOLDINGS LTD 0.05 135 24.93M
OTW OVER THE WIRE HOLDINGS LTD 4.27 132.07 220.55M
MP1 MEGAPORT LTD 17.03 131.99 2.66B
GSW GETSWIFT LTD 0.68 130.51 146.42M
NVU NANOVEU LTD 0.07 130 9.51M
MAQ MACQUARIE TELECOM GROUP LTD 46.5 129.06 992.31M
BID BIDENERGY LTD 1 127.78 134.48M
ELS ELSIGHT LTD 0.59 125.93 65.28M
SLC SUPERLOOP LTD 1.16 122.55 415.26M
CXZ CONNEXION TELEMATICS LTD 0.02 122.22 17.26M
DXN DXN LTD 0.03 121.15 26.39M
DTL DATA#3 LTD 6.37 119.05 991.60M
VN8 VONEX LTD 0.14 116.67 24.15M
MSL MSL SOLUTIONS LTD. 0.06 116.67 20.95M
CCA CHANGE FINANCIAL LTD 0.11 116.07 29.79M
RKN RECKON LTD 0.83 115.53 94.03M
WTC WISETECH GLOBAL LTD 28.83 114.78 9.51B
DSE DROPSUITE LTD 0.07 112.12 39.34M
NNT 99 TECHNOLOGY LTD 0.09 108.89 109.01M
FCL FINEOS CORP HOLDINGS PLC-CDI 5.42 104.14 1.60B
KYK KYCKR LTD 0.08 102.7 25.79M
MNW MINT PAYMENTS LTD 0.01 100 15.88M
TDY THEDOCYARD LTD 0.19 100 27.82M
SKF SKYFII LTD 0.18 100 62.34M
CL1 CLASS LTD 1.84 96.28 231.43M
IXU IXUP LTD 0.05 95.56 19.61M
RXP RXP SERVICES LTD 0.41 95.24 66.05M
SCL SCHROLE GROUP LTD 0.02 90 27.99M
PRO PROPHECY INTERNATIONAL HLDGS 0.57 88.33 36.19M
APX APPEN LTD 34.56 87.51 4.17B
MOQ MOQ LTD 0.15 87.5 26.62M
CNW CIRRUS NETWORKS HOLDINGS LTD 0.03 87.5 26.50M
RDY READYTECH HOLDINGS LTD 1.9 87.06 150.41M
AD8 AUDINATE GROUP LTD 5.28 84.81 397.82M
CV1 CV CHECK LTD 0.13 81.13 28.05M
RUL RPMGLOBAL HOLDINGS LTD 1.16 78.46 263.59M
IRI INTEGRATED RESEARCH LTD 4.06 77.77 711.79M
LVT LIVETILES LTD 0.23 76.92 207.51M
DDR DICKER DATA LTD 7.7 76.48 1.31B
UNL UNITED NETWORKS LTD 0.04 76 17.26M
MOB MOBILICOM LTD/AUSTRALIA 0.09 75.51 22.18M
SP3 SPECTUR LTD 0.07 73.17 7.52M
DWS DWS LTD 0.94 70.91 123.92M
VOC VOCUS GROUP LTD 3.36 70.62 2.05B
4DS 4DS MEMORY LTD 0.05 67.86 61.56M
WCG WEBCENTRAL GRP LTD 0.12 64.18 13.43M
SNS SENSEN NETWORKS LTD 0.09 63.64 40.55M
XRO XERO LTD 99.91 63.26 14.70B
ISD ISENTIA GROUP LTD 0.19 60.87 37.00M
UWL UNITI GROUP LTD 1.49 60.71 764.61M
NXT NEXTDC LTD 11.92 59.95 5.53B
JCS JCURVE SOLUTIONS LTD 0.03 57.14 10.82M
CPU COMPUTERSHARE LTD 13.24 54.81 7.08B
CT1 CONSTELLATION TECHNOLOGIES L 0.03 52.94 35.19M
COO CORUM GROUP LTD 0.05 51.43 21.34M
FCT FIRSTWAVE CLOUD TECHNOLOGY L 0.12 46.94 77.72M
LNK LINK ADMINISTRATION HOLDINGS 4.08 44.3 2.18B
SPZ SMART PARKING LTD 0.1 42.86 35.92M
SF1 STEMIFY LTD 0.02 42.86 3.14M
FTC FINTECH CHAIN LTD 0.09 42.62 56.62M
ALU ALTIUM LTD 36.29 41.8 4.78B
NET NETLINKZ LTD 0.07 41.3 137.14M
JXT JAXSTA LTD 0.03 40.91 7.66M
ELO ELMO SOFTWARE LTD 5.7 39.76 490.84M
HSN HANSEN TECHNOLOGIES LTD 3.94 39.31 788.31M
TZL TZ LTD 0.05 37.5 5.04M
OPC OPTICOMM LTD 5.1 37.47 530.78M
BIQ BUILDINGIQ INC-CDI 0.01 35.71 3.55M
CWL CONSOLIDATED FINANCIAL HOLDI 0.12 35.29 14.59M
HTA HUTCHISON TELECOMM (AUST) 0.14 35 1.83B
AV1 ADVERITAS LTD 0.11 33.33 32.04M
RHP RHIPE LTD 1.97 31.42 313.40M
JAN JANISON EDUCATION GROUP LTD 0.36 30.91 75.48M
DTI DTI GROUP LTD 0.03 30 8.71M
RCW RIGHTCROWD LTD 0.25 28.95 54.27M
ID8 IDENTITII LTD 0.23 28.77 25.62M
SEN SENETAS CORP LTD 0.05 28.57 58.44M
PYG PAYGROUP LTD 0.65 27.45 45.97M
PVS PIVOTAL SYSTEMS CORP INC-CDI 1.14 27.22 130.54M
OLL OPENLEARNING LTD 0.31 26.09 40.99M
XF1 XREF LTD 0.16 26 28.51M
BCC BEAM COMMUNICATIONS HOLDINGS 0.22 25.71 11.63M
LVE LOVE GROUP GLOBAL LTD 0.05 25 2.03M
IFM INFOMEDIA LTD 1.66 24.65 619.73M
MNF MNF GROUP LTD 5.02 24.57 423.24M
TCN TECHNICHE LTD 0.04 22.58 8.01M
CIO CONNECTED IO LTD 0.02 20 5.95M
RDF REDFLEX HOLDINGS LTD 0.4 19.7 59.87M
IRE IRESS LTD 10.68 14.95 2.06B
SMX SECURITY MATTERS LTD 0.37 14.06 47.11M
BVS BRAVURA SOLUTIONS LTD 3.72 12.69 919.31M
RCL READCLOUD LTD 0.36 10.77 35.81M
LME LIMEADE INC-CDI 1.54 10 378.31M
APV APPSVILLAGE AUSTRALIA LTD 0.11 10 10.87M
NOR NORWOOD SYSTEMS LTD 0.03 8 6.69M
TNE TECHNOLOGY ONE LTD 7.86 7.8 2.51B
BCT BLUECHIIP LTD 0.06 7.41 34.40M
DTS DRAGONTAIL SYSTEMS LTD 0.09 5.81 25.97M
WJA WAMEJA LTD 0.1 5.56 115.03M
HIL HILLS LTD 0.15 3.45 34.80M
FGL FRUGL GROUP LTD 0.03 0 2.67M
XPE XPED LTD 0.002 0 1.79M
SYT SYNTONIC LTD 0.001 0 6.94M
RFN REFFIND LTD 0.002 0 2.49M
ICE ICETANA LTD 0.13 -3.85 17.13M
TLS TELSTRA CORP LTD 2.92 -5.75 34.49B
SMN STRUCTURAL MONITORING-CDI 0.47 -8.49 57.97M
CGO CPT GLOBAL LIMITED 0.19 -11.63 7.27M
FRX FLEXIROAM LTD 0.02 -21.84 6.92M
TGO TRIMANTIUM GROWTHOPS LTD 0.06 -24.05 9.12M
IS3 I SYNERGY GROUP LIMITED 0.08 -25 13.75M
CLT CELLNET GROUP LTD 0.04 -25.88 9.26M
CAG CAPE RANGE LTD 0.25 -26.47 23.73M
ODA ORCODA LTD 0.1 -28.57 11.60M
QFY QUANTIFY TECHNOLOGY HOLDINGS 0.001 -50 2.01M

 

Buy now, pay later sector is a standout

Much of the hype in the tech sector has been about buy now, pay later (BNPL) stocks. It has been a spectacular few months for the sector with the ‘worst’ performer FlexiGroup (ASX:FXL), which is up ‘only’ 190 per cent.

Leading the charge of BNPL stocks and all tech stocks is Minneapolis-based Sezzle (ASX:SZL), which is up over 2,000 per cent. Openpay (ASX:OPY) is close behind, notching up a gain of over 1,000 per cent.

The sector has seen solid growth in 2020 in Australia among individual consumers and new sectors too. Additionally, some companies, particularly Zip Co (ASX:Z1P) and Afterpay (ASX:APT), have expanded into overseas markets.

 

The other top performing sectors

But BNPL stocks aren’t the only winners. There are several other tech stocks that have had a solid few months and are in fast growing sectors.

Internet of Things (IoT) tracking tech company Sensera (ASX:SE1) is another company sitting on a 1,000 per cent gain.

It witnessed solid revenue growth in recent months and won a major contract with US tech firm Triton Systems to utilise its technology.

Geospatial analytics company Pointerra (ASX:3DP) has been a late bloomer but hasn’t stopped advancing since Bevan Slattery invested $2.5m into the company.

Fintech stocks have seen good times too, particularly stocks in the payments space.

Cirralto (ASX:CRO) took out the silver medal among all tech stocks, having sky rocketed in recent weeks as it has grown its point of sale payment systems.

The sector’s other top performers include 9Spokes (ASX:9SP), up 290 per cent, and Integrated Paymant Technologies (ASX:IP1), which is up 915 per cent.

Cybersecurity is another sector that’s been a winner, particularly since the Morrison government’s increase in spending to boost to its cybersecurity capabilities and unveiling of a national cybersecurity strategy.

Leading the charge in this space is Tesserent (ASX:TNT), which is up over 700 per cent since late March off the back of earnings growth and acquisitions.

Other winners include Family Zone Cyber (ASX:FZO) — up over 500 per cent, and Vortiv (ASX:VOR) which has tripled.

At Stockhead, we tell it like it is. While Cirralto and Vortiv are Stockhead advertisers, they did not sponsor this article. 

The post ASX tech players have outdone their US counterparts during COVID-19 appeared first on Stockhead.

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