Why these 4 ASX shares jumped higher today

The Afterpay Touch Group Ltd (ASX:APT) share price is one of four jumping higher on Thursday. Here's why…

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It has been another positive day of trade for the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO). In afternoon trade the index is up 0.3% to 6,263.2 points.

Four shares that have climbed more than most today are listed below. Here's why they are jumping higher:

The Afterpay Touch Group Ltd (ASX: APT) share price has rocketed 20.5% higher to $13.61 following the release of a positive business update. According to today's release, following a strong fourth-quarter the company saw over $2.18 billion of total underlying sales processed through its Afterpay platform in FY 2018. This is an impressive 289% increase on FY 2017. The company also revealed that its U.S. expansion had started well.

The Ainsworth Game Technology Limited (ASX: AGI) share price has jumped almost 8% higher to $1.11 following a surprise guidance upgrade. The company had recently advised that full-year profit before tax (excluding currency movements) was expected to be $36 million in FY 2018. But due to a late order increase from Churchill Downs Incorporated, this is now expected to come in at $39 million.

The Cimic Group Ltd (ASX: CIM) share price has surged 14.5% higher to $49.00 following the release of the infrastructure services company's half year results. Investors have responded well to the company reporting a 12% increase in net profit after tax to $363 million during the half. This was driven by solid revenue growth across all operating segments. Management provided full-year profit guidance of $720 million to $780 million.

The HUB24 Ltd (ASX: HUB) share price has zoomed 8.5% higher to $13.89 after the fintech company released a trading update. HUB24 reported net inflows of $739 million in the fourth-quarter, which is the second highest on record. This took its funds under administration to $8.3 billion, up 51.2% on June 2017. This latest gain means that HUB24's shares have now more than doubled in value over the last 12 months.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of AFTERPAY T FPO. 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.

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