In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to end the week in the red. At the time of writing, the benchmark index is down 0.85% to 6,787.6 points.
Four ASX shares that are not letting that hold them back are listed below. Hereâs why they are charging higher:
AGL Energy Limited (ASX: AGL)
The AGL share price is up 3% to $6.87. This is despite there being no news out of the energy company today. However, the utilities sector has been performing strongly. This could be due to investors seeking safe havens amid todayâs market volatility.
Mirvac Group (ASX: MGR)
The Mirvac share price is up over 2% to $2.00. This morning this property company announced the appointment of its new managing director and CEO, Campbell Hanan. According to the release, Campbell Hanan will take up this appointment from early March 2023, succeeding Susan Lloyd-Hurwitz. Hanan currently serves as the Head of Mirvacâs Integrated Investment Portfolio.
PeopleIn Ltd (ASX: PPE)
The PeopleIn share price is up 3.5% to $3.27. This follows the release of the workforce management providerâs market update this morning. PeopleIn advised that operating conditions continue to be highly positive, given the strength of the employment market and extensive demand from its clients. This allowed the company to reaffirm its FY 2023 earnings guidance for normalised EBITDA of $62 million to $66 million.
SkyCity Entertainment Group Limited (ASX: SKC)
The SkyCity share price is up 3.5% to $2.53. This morning the casino and resorts operator released a trading update ahead of its annual general meeting. Management revealed that it has started the year strongly with “revenue and EBITDA exceeding” internal expectations. This includes its Adelaide operation achieving its highest revenue result yet in the first quarter.
The post Why AGL, Mirvac, PeopleIn, and SkyCity shares are charging higher appeared first on The Motley Fool Australia.
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More reading
- Why the AGL share price can surge 35%: Morgans
- 2 much-maligned ASX shares cheap enough to buy now: experts
- Could chasing high yields mean missing out on potentially top-notch ASX dividend shares?
- Is AGL really an ASX 200 âbusiness with huge, huge upside for shareholdersâ?
- Dividend beasts: Experts name 3 ASX dividend shares that could deliver 50% returns next year
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 positions in and has recommended Peoplein. The Motley Fool Australia has recommended Peoplein. 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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