Market report October 21: ASX gains 0.74%, WiseTech shares fall amid CEO scandal

Proactive’s Tylah Tully gives a market wrap for October 21. The ASX closed 0.74% higher today, reaching 8,344.4 points. Over the past five days, the index gained 1.58% and is currently 0.48% below its 52-week high. Top performers included Amotiv, which rose by 10%, adding $1 to its share price and closing at $10.99. Genesis Minerals also increased by 7.39%, closing at $2.47 per share. On the downside, Wise Tech Global, Australia’s largest listed tech company, dropped by as much as 20%, closing at $104.65. The company\'s valuation dropped significantly amid serious allegations against CEO Richard White. Wise Tech’s Board is reviewing the matters raised in today’s media reports and is seeking further information and external advice. Sector-wise, 10 sectors were higher, with Materials up 1.44% and Energy rising by 1.25%. Information Technology was the only declining sector, dropping by 2.97%.