In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is back on form and charging higher. The benchmark index is currently up 0.35% to 7,186.4 points.
Four ASX shares that are climbing more than most today are listed below. Here’s why they are rising:
Accent Group Ltd (ASX: AX1)
The Accent share price is up 10% to $2.11. Investors have been buying this footwear retailer’s shares following the release of its half year results. Although Accent posted a sharp decline in profits due to COVID headwinds, investors appear optimistic that its performance will improve now lockdowns have come to an end.
Healius Ltd (ASX: HLS)
The Healius share price is up 5.5% to $4.42. This follows the release of the healthcare company’s half year results. Healius revealed a 43% increase in revenue to $1,339 million and a massive 226% jump in underlying net profit after tax to $245.6 million. This strong growth was driven largely by demand for COVID testing services.
PEXA Group Ltd (ASX: PXA)
The PEXA share price has jumped 15% to $19.65. Investors have been buying the property settlement platform company’s shares after it reported a 46% increase in half year revenue to $145.4 million and a 71% jump in EBITDA to $75.5 million. This was ahead of expectations and led to management upgrading its full year pro forma guidance from $107.6 million to between $120 million and $130 million.
WiseTech Global Ltd (ASX: WTC)
The WiseTech share price is up 3.5% to $44.25. This morning the logistics solutions technology company released its half year results and revealed strong top and bottom line growth. WiseTech reported an 18% increase in revenue to $281 million and a 77% jump in underlying net profit after tax to $77.3 million. This strong performance has led to management upgrading its FY 2022 earnings guidance.
The post Why Accent, Healius, PEXA, and WiseTech shares are rising today appeared first on The Motley Fool Australia.
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More reading
- Healius (ASX:HLS) share price up 6% after tripling half year profits
- Great expectations: Why is the Wisetech (ASX:WTC) share price not gaining more today?
- ASX 200 (ASX:XJO) midday update: Woolworths impresses but Domino’s crashes after earnings miss
- PEXA (ASX:PXA) share price rockets 10% on guidance boost
- Accent (ASX:AX1) share price lifts 6% despite ‘severely impacted’ first half results
Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended WiseTech Global. The Motley Fool Australia owns and has recommended WiseTech Global. The Motley Fool Australia has recommended Accent Group. 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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