MENU

Why these 4 ASX shares are on the rise today

In afternoon trade the benchmark S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is on course for another day of solid gains and is up almost 0.4% to 6,107 points.

Four shares that are climbing more than most today are listed below. Here’s why they are on the rise:

The G8 Education Ltd (ASX: GEM) share price is up almost 6% to $2.51 despite there being no news out of the childcare operator. This latest gain means the G8 Education’s shares have risen 14% since the release of its presentation for the Macquarie Australia conference last week. Investors appear pleased that trading conditions haven’t deteriorated since its last update.

The Gascoyne Resources Ltd (ASX: GCY) share price is up 5% to 55 cents after the gold miner announced that ore commissioning has commenced on the 2.5Mtpa process plant at its Dalgaranga Gold project. According to the release, the project contains an estimated 1.3 million ounces of gold. The first gold production is expected in around 10 days.

The IPH Ltd (ASX: IPH) share price has climbed 5.5% to $4.07 after the leading intellectual property services group announced an on-market share buyback program. According to the release, the company intends to buy up to $40 million worth of shares from May 23 for 12 months. Management has advised that the buyback will not impact its existing dividend policy and reflects confidence in the company’s future performance.

The Platinum Asset Management Limited (ASX: PTM) share price has jumped 7.5% to $6.01. After the market closed on Monday Platinum released its funds under management (FUM) update for April. According to the update, FUMs grew almost 3% during the month to $28 billion. One broker that liked what it saw was Credit Suisse. According to a note out of the investment bank, it upgraded Platinum to a neutral rating from underperform (sell) following the update.

Missed out on these gains? Then don't miss these top shares.

Top 3 ASX Blue Chips To Buy In 2018

For many, blue chip stocks mean stability, profitability and regular dividends, often fully franked..

But knowing which blue chips to buy, and when, can be fraught with danger.

The Motley Fool’s in-house analyst team has poured over thousands of hours worth of proprietary research to bring you the names of "The Motley Fool’s Top 3 Blue Chip Stocks for 2018."

Each one pays a fully franked dividend. Each one has not only grown its profits, but has also grown its dividend. One increased it by a whopping 33%, while another trades on a grossed up (fully franked) dividend yield of almost 7%.

The names of these Top 3 ASX Blue Chips are included in this specially prepared free report. But you will have to hurry. Depending on demand – and how quickly the share prices of these companies moves – we may be forced to remove this report.

Click here to claim your free report.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended IPH Ltd. The Motley Fool Australia owns shares of Platinum Investment Management 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.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.