In late morning trade the S&P/ASX 200 Index (ASX: XJO) is on course to end the week on a disappointing note. At the time of writing the benchmark index is down 0.9% to 5,819.5 points.
Four shares that have not let that hold them back are listed below. Here's why they are charging higher:
The Afterpay Ltd (ASX: APT) share price is up 3% to $82.92. Investors have been buying Afterpay and other ASX tech shares on Friday following a positive night of trade on Wall Street's technology-focused Nasdaq index. This has helped drive the S&P/ASX All Technology Index (ASX: XTX) 1.5% higher at the time of writing.
The Genetic Signatures Ltd (ASX: GSS) share price has jumped 12% higher to $1.91. This follows the release of the molecular diagnostics company's first quarter sales update. According to the release, Genetic Signatures' preliminary sales for the quarter ended 30 September 2020 are approximately $10.5 million. This is 50% higher than the previous quarter which ended 30 June 2020.
The Qube Holdings Ltd (ASX: QUB) share price is up 2.5% to $2.63. Investors have been buying Qube's shares after the release of an update on its Moorebank Logistics Park. According to the release, Qube is partnering with Woolworths Group Ltd (ASX: WOW) on two new state-of-the-art facilities in the park. This partnership will see Woolworths become a major tenant at the site in a deal worth $1 billion.
The Serko Ltd (ASX: SKO) share price has jumped almost 7% higher to $4.46. This follows the completion of its upsized institutional placement this morning. According to the release, Serko's NZ$45 million placement was oversubscribed at NZ$4.55 per new share. This resulted in the company deciding to increase the size of the placement to NZ$47.5 million. The placement price is a small premium to its last close price.
