AU Morning Wrap | ASX 200 extends last week's gains, Insignia Financial to be acquired

So much for the Santa rally. Despite a slight uptick on Friday, the market failed to recover from its previous losses. The $S&P 500 Index (.SPX.US)$ increased by 1.3%, the $Nasdaq Composite Index (.IXIC.US)$ Composite up 1.8%, and the $Dow Jones Industrial Average (.DJI.US)$ up 0.8%.

$S&P/ASX 200 (.XJO.AU)$ rose to 8283.70 points, up 0.4%, continuing last week's last week's trend. The share market experienced an increase, primarily driven by technology stocks. The tech sector saw a nearly 2% rise, following a rally on Wall Street. Specifically, software companies $WiseTech Global Ltd (WTC.AU)$ and $Xero Ltd (XRO.AU)$ contributed to this growth, with their stocks increasing by 2% and 1.7%, respectively.

As of latest data, $比特币(BTC.CC)$ is priced at $98,499.3, up 0.28% in the past 24 hours, while $以太坊(ETH.CC)$ is priced at $3,642.41, down 0.34% in the past 24 hours.

$Insignia Financial Ltd (IFL.AU)$ up more than 11% on A$4.30 per share takeover offer from private equity firm CC Capital Partners.

$Droneshield Ltd (DRO.AU)$ increased by 7.9% following the announcement of A$9.7 million order from a significant military client in Latin America.

$EBR Systems Inc (EBR.AU)$ rose 9.9% after it was investigated by the Australian Securities Exchange and denied any knowledge of the reasons for the sharp rise in its share price last week.