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The S&P/ASX 200 Index (ASX: XJO) is on course to maintain its impressive winning streak on Tuesday. In late morning trade the benchmark index is up a sizeable 0.9% to 6,188.8 points.
Four shares that are climbing more than most today are listed below. Here's why they are storming higher:
The Afterpay Ltd (ASX: APT) share price has climbed almost 4% to $95.49. Investors have been buying the payments company and other tech shares on Tuesday following a very strong night of trade on the tech-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 HUB24 Ltd (ASX: HUB) share price is up 2% to $21.17. This follows the release of the investment platform provider's first quarter update this morning. HUB24 revealed that its strong has form continued in FY 2021, with record first quarter inflows of $1.36 billion. Together with positive market movements of $436 million, this increased the company's Funds Under Administration to a massive $19 billion. This is a solid 32% increase on the prior corresponding period.
The NEXTDC Ltd (ASX: NXT) share price has risen 2% to $13.42. This appears to have been driven by a broker note out of UBS this morning. According to the note, its analysts have retained their buy rating and lifted their price target on the data centre operator's shares to $15.25 following its debt update on Monday. It notes that NEXTDC's shares are still attractively priced in comparison to its global peers.
The Telstra Corporation Ltd (ASX: TLS) share price is up almost 2.5% to $2.85. Investors have been buying the telco giant's shares after the release of its annual general meeting presentation. That presentation revealed that the Telstra board is looking into ways to maintain its 16 cents per share dividend in FY 2021 and beyond.
