The Triple-I Index opened slightly lower this morning but steadily gained ground throughout the day to finish 7.7 point higher at 666.2.
With little industry news to whet the taste buds, attention was drawn once again to Reckon (RKN) which was already 13.4 percent up in early morning trade to 76 cents. By the end of the day's trade the financial software provider had surged 26.9 percent to 85 cents -- a level it hasn't seen for over a month.
Also drawing the crowds was BMC Media (BMC). By midday the online advertising group had gained almost 10 cents, by day's end a 22.8 percent hike took share value to 70 cents.
MultiEmedia (MUL) continued yesterday's climb and by the end of today had increased 17.8 percent to trade at 27 cents.
Realestate.com.au (REA) started to nosedive in early afternoon trade when it slipped 11 percent. When trading ceased today, the online real estate was down 10.9 percent at 21 cents.
News that ERG Limited (ERG) and Downer Group have forged an alliance took the smart card company out of the negative territory in which it had spent the morning. However, ERG only gained 1.6 percent to trade at AU$12. Chief Executive Officer, Peter Fogarty said: " Downer Engineering is an internationally respected operator in the telecommunications design, maintenance and network construction fields. ERG Connect's customer base and strong reputation, together with Downers existing customer base and its major shareholder Hutchison, make this a formidable alliance."
Downer Group Limited will issue approximately 58.46 million shares to ERG or its nominee at 1 consideration of 0.65 cents per share.
Also gaining ground at the end of the day were business and financial news provider Channel E (CEL) and software house Solution 6 (SOL) -- up 12.5 percent and 10.5 percent respectively. Up in the 9 percent bracket were Harvest Road (HRD) and Sausage Software (SAS) -- trading at 42 cents and AU$2.29.
Tomorrow, investor attention will turn to the US Federal Reserve's decision on interest rates.
