Why Hub24, Sezzle, Telix, and Westpac shares are rising

The S&P/ASX 200 Index (ASX: XJO) is back on form on Tuesday. In afternoon trade, the benchmark index is up 1.3% to 6,749.4 points.

Four ASX shares that are climbing more than most today are listed below. Here’s why they are rising:

Hub24 Ltd (ASX: HUB)

The Hub24 share price is up 14% to $25.20. Investors have been buying this investment platform provider’s shares following the release of its quarterly update. According to the release, Hub24 recorded platform net inflows of $3 billion for the three months. This took its total funds under administration to $52.4 billion. This was driven by continued growth in the number of advisers on its platform.

Sezzle Inc (ASX: SZL)

The Sezzle share price is up over 7% to 51 cents. This morning the buy now pay later (BNPL) provider announced that it has entered into a new $100 million credit facility. Management notes that the facility provides Sezzle with greater capacity, improved flexibility, and extends its funding into 2024.

Telix Pharmaceuticals Ltd (ASX: TLX)

The Telix share price is up 9% to $6.09. Investors have been buying this biopharmaceuticals company’s shares after it released promising preliminary data from two separate investigator-initiated studies. These studies were for TLX250-CDx in triple negative breast cancer and non-muscle invasive bladder cancer.

Westpac Banking Corp (ASX: WBC)

The Westpac share price is up almost 2% to $23.87. This morning Westpac confirmed that it is interested in acquiring payments processor Tyro Payments Ltd (ASX: TYR). The banking giant believes that acquiring Tyro would boost its small business offering. Though, it has warned that there’s no guarantee that a deal will be reached.

The post Why Hub24, Sezzle, Telix, and Westpac shares are rising appeared first on The Motley Fool Australia.

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More reading

• Guess which ASX 200 tech share is surging 14% following a $3 billion quarter
• Tyro share price on watch as Westpac takeover approach confirmed
• These ASX 200 dividend shares have been named as buys by analysts
• Here are the top 10 ASX 200 shares today
• Are Westpac shares a buy ahead of next month’s full-year results?

Motley Fool contributor James Mickleboro has positions in TELIXPHARM DEF SET and Westpac Banking Corporation. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Hub24 Ltd. The Motley Fool Australia has positions in and has recommended Hub24 Ltd. The Motley Fool Australia has recommended Westpac Banking Corporation. 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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