In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to end the week with a small decline. At the time of writing, the benchmark index is down a fraction to 6,841.8 points.
Four ASX shares that have not let that hold them back are listed below. Hereâs why they are pushing higher:
DEXUS Property Group (ASX: DXS)
The Dexus share price is up 1% to $8.55. This afternoon the company confirmed that despite some management changes at AMP Limited (ASX: AMP), the purchase of its real estate and domestic infrastructure equity business will go ahead. It is now expected to complete by November for $20 million less than previously advised.
Dusk Group Ltd (ASX: DSK)
The Dusk share price is up almost 7% to $2.36. This follows the release of the specialty retailerâs full year results for FY 2022. Dusk reported a 6.9% decline in revenue to $138.4 million and a 31.3% drop in net profit after tax to $18.4 million. This was seen as a decent outcome considering the company lost 24% of its store trading days due to COVID-19 impacts.
Macquarie Group Ltd (ASX: MQG)
The Macquarie share price is up 2% to $177.98. This appears to have been driven by a broker note out of Credit Suisse this morning. According to the note, the broker has retained its overweight rating and lifted its price target to $231.00. It has upgraded its earnings estimates for FY 2023 to reflect favourable trading conditions.
Qantas Airways Limited (ASX: QAN)
The Qantas share price is up 1.5% to $5.28. This is despite there being no news out of the airline operator today. However, its shares have been on a roll recently following a positive update out of a travel booking company. In addition, oil prices have pulled back materially this week, which could help ease Qantasâ fuel costs.
The post Why Dexus, Dusk, Macquarie, and Qantas shares are pushing higher appeared first on The Motley Fool Australia.
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More reading
- Itâs a cloudy day on the ASX, but some All Ords shares are still shining brightly
- Dusk share price soars 9% on resilient full-year results
- Why did the Qantas share price rocket 17% in August?
- Analysts name 2 ASX 200 dividend shares to buy now
- 3 ASX shares to buy after reporting season (and a sector to avoid): expert
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. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Dusk Group Limited and Macquarie Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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