Why Afterpay, Nufarm, PolyNovo, & Sezzle shares are racing higher today

Afterpay Ltd (ASX:APT) and Nufarm Limited (ASX:NUF) shares are two of four racing notably higher on Wednesday. Here's why…

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The S&P/ASX 200 Index (ASX: XJO) is back in form at last on Wednesday and is charging notably higher. The benchmark index is currently up 1.8% to 5,888.6 points.

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

The Afterpay Ltd (ASX: APT) share price has stormed 4% higher to $79.71. Investors have been flooding into the tech sector on Wednesday after their U.S. counterparts stormed higher on Wall Street overnight. This has led to the S&P/ASX All Technology Index (ASX: XTX) charging a sizeable 2.8% higher at the time of writing.

The Nufarm Limited (ASX: NUF) share price has jumped 8% to $4.50 following the release of its full year results. Although the agricultural chemicals company reported a statutory net loss after tax of $456 million, its outlook has got investors excited. Nufarm advised that it is emerging from a period of sustained headwinds and positive momentum has continued with good revenue growth from continuing businesses in August.

The PolyNovo Ltd (ASX: PNV) share price is up 2.5% to $2.25. Investors have been buying the medical device company's shares after it provided an update on its European operations. PolyNovo advised that it has appointed Helsinki based Innova Medical Oy to sell its NovoSorb Biodegradable Temporising Matrix (BTM) product in Finland. NovoSorb BTM is a dermal scaffold for the regeneration of the dermis when lost through extensive surgery or burn. Management expects more European market entries in the near future.

The Sezzle Inc (ASX: SZL) share price has risen 5% to $6.81. This follows the announcement of a partnership with Ally Lending that will give Sezzle merchants and shoppers access to long term financing options. Management believes this complements its existing short-term, interest-free offering, without adding any balance sheet impact to Sezzle. Ally Lending provides monthly fixed-rate instalment-loan products that extend up to 60 months in length and US$40,000 per instalment plan.

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 POLYNOVO FPO. The Motley Fool Australia's parent company Motley Fool Holdings Inc. recommends Sezzle Inc. The Motley Fool Australia owns shares of AFTERPAY T FPO. The Motley Fool Australia has recommended Sezzle Inc. 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.

More on Share Gainers

A happy young couple lie on a wooden deck using a skateboard for a pillow.
Share Gainers

These were the best-performing ASX 200 shares in March

These shares made their shareholders smile in March thanks to some very big gains.

Read more »

Stock market chart in green with a rising arrow symbolising a rising share price.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a massive day for the ASX 200, with a new all-time high recorded.

Read more »

A man sits thoughtfully on the couch with a laptop on his lap.
Technology Shares

This ASX tech stock rocketed 60% in March! Can it keep on delivering?

After soaring in March, the ASX tech stock is now up 169% since this time last year.

Read more »

A young women pumps her fists in excitement after seeing some good news on her laptop.
Share Gainers

Why Mesoblast, Newmont, Pilbara Minerals, and Platinum shares are jumping

These ASX shares are ending the week strongly. But why?

Read more »

A young male ASX investor raises his clenched fists in excitement because of rising ASX share prices today
Share Gainers

3 ASX All Ords shares up 50%+ in March

These ASX shares have been on fire this month. But why?

Read more »

Woman looks amazed and shocked as she looks at her laptop.
Share Gainers

Why Mesoblast, Patriot Battery Metals, Sigma, and Zip shares are pushing higher

These shares are having a good session on hump day. But why?

Read more »

Woman looks amazed and shocked as she looks at her laptop.
Consumer Staples & Discretionary Shares

If you'd put $20,000 in this ASX retail stock at the start of 2023, you'd have $134,000 now

This online retailer has executed a remarkable turnaround for its investors.

Read more »

Fancy font saying top ten surrounded by gold leaf set against a dark background of glittering stars.
Share Gainers

Here are the top 10 ASX 200 shares today

It was back to earth for ASX shares this Tuesday.

Read more »