The S&P/ASX 200 Index (ASX: XJO) has rebounded from yesterday’s decline and is pushing higher on Thursday. At the time of writing, the benchmark index is up 0.4% to 7,026.6 points.
Four ASX shares that are climbing more than most today are listed below. Here’s why they are charging higher:
Megaport Ltd (ASX: MP1)
The Megaport share price has jumped 7% to $12.55. Investors have been buying the elastic interconnection services provider’s shares following the release of its third quarter update. Megaport reported monthly recurring revenue (MRR) of $6.8 million for the three months ended 31 March. This represents a lift of $0.5 million or 8% quarter-on-quarter. This was driven by an increase in its footprint, ports, and customer numbers.
Pointerra Ltd (ASX: 3DP)
The Pointerra share price is surging 23% higher to 64 cents. This follows the release of the 3D geospatial data technology company’s latest quarter update. During the third quarter, the company achieved record quarterly cash receipts from customers of $1.37 million. This was more than double the cash receipts it recorded during the second quarter of FY 2021.
Regis Resources Limited (ASX: RRL)
The Regis Resources share price has climbed 3.5% to $2.84. This morning AngloGold Ashanti Australia Limited (ASX: AGG) gave the greenlight to IGO Limited (ASX: IGO) for its $903 million purchase of a 30% stake in the Tropicana Gold Mine from Regis.
Zip Co Ltd (ASX: Z1P)
The Zip share price has risen almost 3% to $9.00. This gain may have been driven by news that the buy now pay later provider has signed an agreement with Adobe (NASDAQ: ADBE) to become an Accelerate partner in the Adobe Exchange Partner Program. This will make the company the buy now pay later provider of choice for Adobe’s popular e-commerce software, Magento. Zip says the agreement will see its services marketed to thousands of new retail customers across the world.
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More reading
- Here’s why the Pointerra (ASX:3DP) share price is rocketing 26% higher
- ASX 200 up 0.2%: AMP sinks, Redbubble crashes, Megaport jumps
- ASX 200 shares thrown in the bargain bin: Here’s 3 ideas
- Zip Pay (ASX:Z1P) share price rising after ‘global leader’ agreement
- Why the Regis Resources (ASX:RRL) share price is climbing
James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends MEGAPORT FPO. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Pointerra Limited and ZIPCOLTD FPO. The Motley Fool Australia has recommended MEGAPORT FPO and Pointerra Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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