In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to start the week with a decline. At the time of writing, the benchmark index is down 0.7% to 8,683.2 points.
Four ASX shares that are not letting that hold them back are listed below. Here’s why they are rising:
Dyno Nobel Ltd (ASX: DNL)
The Dyno Nobel share price is up 10% to $3.66. Investors have been buying the explosives manufacturer’s shares following the release of a strong half-year result. The company revealed that net profit after tax excluding individually material items increased 83.3% to $160.9 million. This allowed the Dyno Nobel board to increase its interim dividend by 91.7% to 4.6 cents per share. Commenting on the result, the company’s CEO, Mauro Neves, said: “1H26 marks the beginning of a new era for Dyno Nobel as we concluded our separation from the Fertilisers business and move forward as a pureplay global explosives leader.”
Inghams Group Ltd (ASX: ING)
The Inghams share price is up 5% to $1.78. This follows the release of a trading update from the poultry producer which revealed that volumes were up 1.1% for the first nine months of FY 2026. As a result, management has reaffirmed its guidance for underlying EBITDA of $180 million to $200 million. Inghams’ CEO and managing director, Ed Alexander, said: “We are seeing improved operational performance and positive momentum from initiatives already delivered, while reaffirming our FY26 guidance in a challenging environment.”
Metcash Ltd (ASX: MTS)
The Metcash share price is up 6% to $2.90. This is in response to the release of a trading update from the wholesale distributor this morning. Metcash revealed that it expects to report revenue growth of 0.7% for FY 2026 with underlying net profit after tax in the region of $268 million to $270 million. Looking ahead, management advised that its ongoing cost initiatives are targeting at least ~$25 million in annualised savings in FY 2027. Metcash’s CEO, Doug Jones, said: “We have delivered a solid result supported by the resilience of our Food and Liquor businesses, our diversified portfolio and disciplined execution.”
Strike Energy Ltd (ASX: STX)
The Strike Energy share price is up 4.5% to 11.5 cents. This morning, the energy company announced the exit of its CEO, Peter Stokes. He will be replaced by Shelley Robertson, effective 1 June. The release notes that Ms Robertson is a highly respected and influential leader in the Australian resource and energy sector. She was previously the chief operating officer at Fortescue Ltd (ASX: FMG).
The post Why Dyno Nobel, Inghams, Metcash, and Strike Energy shares are charging higher today appeared first on The Motley Fool Australia.
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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 no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.