In early afternoon trade the S&P/ASX 200 Index (ASX: XJO) is fighting hard to stay in positive territory. At the time of writing, the benchmark index is up slightly to 5,956.2 points.
Four shares that are climbing more than most today are listed below. Here’s why they are pushing higher:
The Flight Centre Travel Group Ltd (ASX: FLT) share price is up 2.5% to $14.30. Investors have continued to buy travel shares on Tuesday amid speculation that a travel bubble will soon open up between Australia and New Zealand. Declining COVID-19 cases in Victoria also appear to have given investor sentiment a boost.
The MoneyMe Ltd (ASX: MME) share price is up over 3% to $1.55. This morning the digital consumer credit company announced that it has established a new warehouse funding facility. The new facility is led by Westpac Banking Corp (ASX: WBC) and reduces its funding costs by more than half. MoneyMe will now introduce more competitive pricing across its risk based priced Personal Loan and Freestyle products.
The Paradigm Biopharmaceuticals Ltd (ASX: PAR) share price has surged 15% higher to $2.77. Investors have been buying the biopharmaceuticals company’s shares after it extended and expanded its exclusive license and supply agreement with bene pharmaChem. This is a big positive for Paradigm as bene pharmaChem is the only FDA approved manufacturer/supplier of Pentosan Polysulphate Sodium (PPS). PPS is used in the company’s Zilosul product.
The Zip Co Ltd (ASX: Z1P) share price has risen over 2% to $6.39 despite there being no news out of the buy now pay later provider. However, a number of tech shares are charging higher on Tuesday following a positive night of trade on Wall Street’s Nasdaq index. At the time of writing, the S&P/ASX All Technology Index (ASX: XTX) is storming 1.8% higher.
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More reading
- Why the Paradigm (ASX:PAR) share price is storming 12% higher today
- MoneyMe (ASX:MME) share price jumps 10% on Westpac (ASX:WBC) funding deal
- Are ASX travel shares like Webjet (ASX:WEB) set to soar?
- Why the Paradigm (ASX:PAR) share price has rocketed 8% higher today
- ASX 200 up 0.1%: a2 Milk crashes lower, Flight Centre and Webjet surge higher
James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of ZIPCOLTD FPO. The Motley Fool Australia has recommended Flight Centre Travel Group Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
The post Why Flight Centre, MoneyMe, Paradigm, & Zip shares are pushing higher today appeared first on Motley Fool Australia.
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