In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) has followed the lead of US markets and is charging higher. At the time of writing, the benchmark index is up 0.55% to 7,483.5 points.
Four ASX shares that are climbing more than most today are listed below. Here’s why they are pushing higher:
Boss Energy Ltd (ASX: BOE)
The Boss Energy share price is up 11% to $2.64. This morning the uranium developer announced the completion of its share purchase plan. However, the main catalyst for its strong gain today is likely to be uranium prices hitting a decade high. This has led to a number of uranium shares surging higher on Friday.
GrainCorp Ltd (ASX: GNC)
The GrainCorp share price is up 4.5% to $9.09. This follows the release of an earnings guidance update this morning. GrainCorp has upgraded its earnings guidance for FY 2022 thanks to significant ongoing global demand for Australian grain and oilseeds. Management also highlighted that planting conditions for the upcoming east coast Australian winter crop are favourable.
Pro Medicus Limited (ASX: PME)
The Pro Medicus share price is up 1.5% to $47.80. Investors have been buying this health imaging technology company’s shares after it announced a major new contract win. According to the release, the company’s US business, Visage Imaging, has signed a $32 million, eight-year contract with Inova Health System.
Select Harvests Limited (ASX: SHV)
The Select Harvests share price is up 4.5% to $5.60. This follows the release of a market update from the almond producer this morning. That update reveals that despite facing adverse weather conditions early in the season, the company is performing in line with expectations. As a result, there is no change to its price or crop estimate. Another positive is that its sorting and packing upgrade has been completed and is operating at or above business case.
The post Why Boss Energy, GrainCorp, Pro Medicus, and Select Harvests are pushing higher appeared first on The Motley Fool Australia.
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More reading
- Why are ASX uranium shares having such a stellar end to the week?
- ASX 200 lunch update: GrainCorp jumps on earnings upgrade, Pro Medicus signs $32m deal
- Pro Medicus share price jumps on $32m contract news
- GrainCorp share price jumps 9% to record high on guidance upgrade amid ‘significant’ demand
- 2 stellar ASX growth shares analysts rate as buys
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 Pro Medicus Ltd. The Motley Fool Australia owns and has recommended Pro Medicus Ltd. 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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