Why Afterpay, Altium, AVITA, & Domino’s shares are pushing higher

These ASX shares are ending the week on a positive note…

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The S&P/ASX 200 Index (ASX: XJO) is fighting hard to finish the week on a positive note. In afternoon trade, the benchmark index is up 0.2% to 7,315.8 points.

Four ASX shares that are climbing more than most today are listed below. Here’s why they are pushing higher:

Afterpay Ltd (ASX: APT)

The Afterpay share price is up 4% to $104.09. Investors have been buying Afterpay and other tech shares on Friday following a solid night of trade on the Nasdaq index. The tech-heavy index rose 0.8% during overnight trade. The S&P/ASX All Technology Index (ASX: XTX) is up a sizeable 1.55% so far today.

Altium Limited (ASX: ALU)

The Altium share price has climbed over 2% to $35.48. This gain appears to have been driven by a broker note out of Credit Suisse this morning. According to the note, the broker has retained its outperform rating and lifted its price target to $42.00. It believes the recent takeover offer it received from Autodesk demonstrates its ability to attract strategic partnerships.

AVITA Medical Inc (ASX: AVH)

The AVITA share price has jumped 12% to $5.05. Investors have been buying the regenerative medicine company’s shares after it announced that it has received approval from the US Food and Drug Administration (FDA) to expand the use of its skin-grafting technology. The RECELL System can now be used for children over one month of age. Previously, the system had only be approved for use on adults.

Domino’s Pizza Enterprises Ltd (ASX: DMP)

The Domino’s share price is up 1.5% to $115.60. This morning the pizza chain operator announced its expansion into the Taiwan market via the acquisition of the corporate stores and franchise rights held by Domino’s Taiwan for A$79 million on a cash and debt free basis. Domino’s Taiwan is the second largest pizza chain in the Taiwanese market with a network of 138 franchised stores and 19 corporate stores. Management sees opportunities to grow its network in the country to over 400 stores.

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James Mickleboro does not own any shares mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended AFTERPAY T FPO, Altium, and Avita Medical Limited. The Motley Fool Australia owns shares of and has recommended AFTERPAY T FPO and Altium. The Motley Fool Australia has recommended Avita Medical Limited and Dominos Pizza Enterprises Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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