In early afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is fighting hard to stay in positive territory. At the time of writing, the benchmark index is up 0.15% to 7,420.9 points.
Four ASX shares that are climbing more than most today are listed below. Here’s why they are pushing higher:
Webjet Limited (ASX: WEB)
The Webjet share price is up almost 1.5% to $5.66 following the release of the online travel agent’s half year results. For the six months ended 30 September, Webjet experienced a significant improvement in booking volumes. This was particularly the case for its WebBeds business, which is now producing positive cash. This led to Webjet recording TTV of $663 million and revenue of $55.4 million for the period. This was more than double what it achieved in the first half of FY 2021.
Whispir Ltd (ASX: WSP)
The Whispir share price has jumped 12% to $2.35. Investors have been buying the cloud-based communications platform provider’s shares after it upgraded its guidance for FY 2022. Whispir now expects its revenue to be in the range of $64 million to $68 million in FY 2022. This represents a year on year increase of between 34% and 42%. Its prior guidance was for revenue in the range of $57.2 million to $60.2 million.
Whitehaven Coal Ltd (ASX: WHC)
The Whitehaven Coal share price is up almost 3% to $2.57. This may have been driven by a rise in coal prices. According to CommSec, the thermal coal price rose 1.9% or US$3.00 to US$157 per tonne overnight.
Woodside Petroleum Limited (ASX: WPL)
The Woodside share price is up 2.5% to $22.97. Investors have been buying this energy producer’s shares after several brokers responded positively to its update on plans to merge with the petroleum assets of BHP Group Ltd (ASX: BHP). UBS, for example, has retained its buy rating and lifted its price target on the company’s shares to $28.30.