The S&P/ASX 200 Index (ASX: XJO) is having a modestly weaker session on Thursday. In late morning trade, the benchmark index is down 0.1% to 8,969 points.
Four ASX shares that are not letting that hold them back today are listed below. Here’s why they are charging higher:
AMP Ltd (ASX: AMP)
The AMP share price is up 4% to $1.45. Investors have been buying the financial services company’s shares following the release of a first-quarter update. AMP reported a 45% growth in Platforms net cashflows to $1.1 billion and improved Superannuation & Investments (S&I) net cash outflows down to $80 million. The latter is a 26% year-on-year improvement. Another positive is news that AMP will be undertaking a $150 million on-market share buyback.
Life360 Inc (ASX: 360)
The Life360 share price is up almost 9% to $1.44. This is despite there being no news out of the location technology company on Thursday. However, it is worth noting that a number of ASX tech shares are rebounding today following a positive night on the tech-focused Nasdaq index. The gains have been so strong that the S&P ASX All Technology index is up a sizeable 3.7% at the time of writing.
Netwealth Group Ltd (ASX: NWL)
The Netwealth share price is up 4.5% to $24.93. This follows the release of the investment platform provider’s third-quarter update this morning. Netwealth revealed a 20.9% increase in funds under administration (FUA) to $125.8 billion. This was underpinned by FUA net inflows of $7.6 billion for the quarter. Looking ahead, it expects FUA net flows to be largely in line with what was recorded in FY 2025, along with an EBITDA margin of 49%.
Ora Banda Mining Ltd (ASX: OBM)
The Ora Banda Mining share price is up a sizeable 11% to $1.46. The catalyst for this has been the release of a production update from the gold miner this morning. The company reported record quarterly production of 38,766 ounces of gold, which is up 21% quarter on quarter. Ora Banda Mining’s managing director, Luke Creagh, said: “The team has done an outstanding job with the ramp-up of operations during FY26 with this quarter showing a 21% increase in ounces produced over the December period which has delivered $76.3 million in free cash flow after substantial investments into future growth projects.”
The post Why AMP, Life360, Netwealth, and Ora Banda shares are racing higher today appeared first on The Motley Fool Australia.
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More reading
- 3 ASX 300 shares that could be much bigger in 5 years
- Up 115% since August, Ora Banda shares leaping higher today on record gold production
- AMP posts Q1 2026 results, launches $150m buyback
- Netwealth Group lifts FUA to $125.8B with strong quarterly flows
- 2 ASX 200 shares down 30%+ that I’d buy with $4,000
Motley Fool contributor James Mickleboro has positions in Life360. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Life360 and Netwealth Group. The Motley Fool Australia has positions in and has recommended Life360 and Netwealth Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.