The S&P/ASX 200 Index (ASX: XJO) is ending a rough week in the red, but some of the shares that call the index home are managing to buck its downwards trend.
These three ASX 200 shares are shaking off the marketâs struggles to record gains of up to 3% on Friday. We take a look at whatâs keeping them in positive territory.
Right now, the ASX 200 is down 1.12%. That leaves it around 4.1% lower than it was at the end of last week.
3 ASX 200 shares pushing higher on Friday
James Hardie Industries (ASX: JHX)
The James Hardie share price is in the green on Friday despite its sector coming in as the ASX 200âs second worst performer. The stock has gained 1.87% to trade at $34.94 at the time of writing.
Meanwhile, the S&P/ASX 200 Materials Index (ASX: XMJ) has slipped 1.33%.
James Hardie is the only constituent of the sector posting a gain. Interestingly, the companyâs US listing fell 3.11% overnight.
Thereâs been no announcements from the company. However, news of its Prattville manufacturing plant hit headlines overnight.
The Alabama facility â where the company produces fibre cement building solutions â will undergo an expansion, the stateâs Governor Kay Ivey announced earlier this week.
“The growth project will double the size of the Alabama facility, permitting a large-scale expansion of its manufacturing capacity,” the Governor said.
Breville Group Ltd (ASX: BRG)
ASX 200 consumer discretionary share Breville is also gaining on Friday. Itâs currently trading at $18.21, 1.11% higher than its previous close.
The gain follows the release of an update on the company’s acquisition of LELIT and an insight into its financial year 2022 performance.
The acquisition is on track to be completed at the start of July. Meanwhile the companyâs expecting to meet its previously issued guidance for this financial year.
Xero Limited (ASX: XRO)
The final ASX 200 share posting a gain today is tech favourite Xero. The companyâs stock is currently 3.32% higher, trading at $82.37. That’s despite no news having been released by the company on Friday.
However, as The Motley Fool Australia reported earlier today, analysts have been impressed by its move to raise prices.
The accounting software provider will increase the prices it charges subscribers in mid-September.
The post 3 ASX 200 shares defying Fridayâs falls to leap higher appeared first on The Motley Fool Australia.
Wondering where you should invest $1,000 right now?
When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.* Scott just revealed what he believes could be the “five best ASX stocks” for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now
See The 5 Stocks
*Returns as of January 12th 2022
(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}
setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()
More reading
- Brokers name 3 ASX shares to buy today
- Why Breville, Bubs, Terracom, and Xero shares are pushing higher today
- The market expects the RBA to take the cash rate to 3% by the end of 2022
- Here’s why the Breville share price is smashing the ASX 200 on Friday
- ASX 200 midday update: Big four banks rebound, Atlas Arteria’s takeover update
Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Xero. The Motley Fool Australia has positions in and has recommended Xero. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
from The Motley Fool Australia https://ift.tt/QVvracs