Why Domino's, Healius, Kogan, and Vulcan shares are pushing higher

These ASX shares have started the week positively…

| More on:
a man looks down at his phone with a look of happy surprise on his face as though he is thrilled with good news.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) has bounced back from a very poor start and is trading only slightly lower. At the time of writing, the benchmark index is down 0.2% to 7,265.8 points.

Four ASX shares that are not letting that hold them back are listed below. Here's why they are pushing higher:

Domino's Pizza Enterprises Ltd (ASX: DMP)

The Domino's share price is up 5% to $131.56. Investors have been buying this pizza chain operator's shares on Monday despite there being no news out of it. However, the prospect of some European countries locking down because of the Omicron variant of COVID-19 appears to be boosting investor sentiment. Domino's was a big winner from previous lockdowns.

Healius Ltd (ASX: HLS)

The Healius share price is up 3% to $4.90. This gain appears to have been driven again by news of the new Omicron variant. Healius has been benefiting greatly from elevated demand for COVID testing services. This new variant of concern could underpin strong testing volumes for some time to come.

Kogan.com Ltd (ASX: KGN)

The Kogan share price is up 3.5% to $8.29. Investors may be buying this ecommerce company's shares on the belief that it could benefit if Omicron forces Australia into another lockdown. In addition, bargain hunters may be swooping in today following another selloff of its shares last week following a disappointing update.

Vulcan Energy Resources Ltd (ASX: VUL)

The Vulcan share price is up 3.5% to $10.59. This morning Vulcan announced that it has signed a binding lithium hydroxide offtake agreement with auto giant Stellantis. It is the world's fourth largest automaker and the name behind brands including Alfa Romeo, Chrysler, Citroen, Fiat, Jeep, Maserati, and Peugeot. Vulcan will supply Stellantis with a minimum of 81,000 tonnes and a maximum of 99,000 tonnes of battery grade lithium hydroxide over a five-year period from 2026.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of and has recommended Kogan.com ltd. The Motley Fool Australia owns shares of and has recommended Kogan.com ltd. The Motley Fool Australia has recommended 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.

More on Share Gainers

Stock market chart in green with a rising arrow symbolising a rising share price.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a massive day for the ASX 200, with a new all-time high recorded.

Read more »

A man sits thoughtfully on the couch with a laptop on his lap.
Technology Shares

This ASX tech stock rocketed 60% in March! Can it keep on delivering?

After soaring in March, the ASX tech stock is now up 169% since this time last year.

Read more »

A young women pumps her fists in excitement after seeing some good news on her laptop.
Share Gainers

Why Mesoblast, Newmont, Pilbara Minerals, and Platinum shares are jumping

These ASX shares are ending the week strongly. But why?

Read more »

A young male ASX investor raises his clenched fists in excitement because of rising ASX share prices today
Share Gainers

3 ASX All Ords shares up 50%+ in March

These ASX shares have been on fire this month. But why?

Read more »

Woman looks amazed and shocked as she looks at her laptop.
Share Gainers

Why Mesoblast, Patriot Battery Metals, Sigma, and Zip shares are pushing higher

These shares are having a good session on hump day. But why?

Read more »

Woman looks amazed and shocked as she looks at her laptop.
Consumer Staples & Discretionary Shares

If you'd put $20,000 in this ASX retail stock at the start of 2023, you'd have $134,000 now

This online retailer has executed a remarkable turnaround for its investors.

Read more »

Fancy font saying top ten surrounded by gold leaf set against a dark background of glittering stars.
Share Gainers

Here are the top 10 ASX 200 shares today

It was back to earth for ASX shares this Tuesday.

Read more »

Two happy scientists analysing test results.
Healthcare Shares

Mesoblast share price rockets 36% on breaking FDA news

ASX investors are sending the Mesoblast share price soaring following promising FDA news.

Read more »