In afternoon trade the S&P/ASX 200 Index (ASX: XJO) is on form and pushing higher again. At the time of writing, the benchmark index is up 0.2% to 7,407.1 points.
Four ASX shares that are climbing more than most today are listed below. Here’s why they are racing higher:
CSR Limited (ASX: CSR)
The CSR share price is up 5% to $6.31. This follows the release of the building products company’s half year results this morning. According to the release, for the six months ended 30 September, CSR reported a 6% increase in revenue to $1.1 billion and a 41% lift in EBIT to $132.6 million.
Hipages Group Holdings Ltd (ASX: HPG)
The Hipages share price has jumped 8% to $4.05. The catalyst for this was news that the tradie marketplace has made a key investment. Hipages has acquired a 25% interest in Bricks + Agent for $6.25 million. The release notes that Bricks + Agent is one of Australia’s leading property management technology platforms. It has 360,000 users, a pipeline of almost 500,000 properties under management, and 21,000 tradies on its platform.
NIB Holdings Limited (ASX: NHF)
The NIB share price is up 4.5% to $7.05. This follows the release of the private health insurer’s annual general meeting update. That update revealed that NIB achieved an 8.5% increase in premium revenue to $669.5 million during the first quarter. NIB also reported a 0.6% increase in Australian resident health insurance (ARHI) policies and a 2.4% decline in estimated ARHI claims to $442.5 million.
Paladin Energy Ltd (ASX: PDN)
The Paladin Energy share price has jumped 13% to 94.2 cents. This morning the uranium producer provided an update on the Langer Heinrich Mine restart plan. According to the release, the plan confirms the restart cost estimate of US$81 million and a 17 year mine life. In addition, the company revealed that its life of mine production target has increased to 77.4Mlb of U3O8 from 76.1Mlb.