Xero in focus before open as ASX tech stocks rally, Elston adds shares
Xero shares are set for Thursday’s Australian trade following a 3.5% gain at the last close. Investors rotated back into beaten-down ASX software stocks. One local fund manager called the cloud-accounting player attractive after a stretch of selling. The stock closed Wednesday at A$74.58, up A$2.49 on the day. Shares moved between A$70.18 and A$74.70. The S&P/ASX 200 gained 48.60 points to 8,966.30, its winning streak now at four days.