Why Bank of Queensland, Imugene, Webjet, and Zip shares are pushing higher

These ASX shares are on form today…

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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a solid gain. At the time of writing, the benchmark index is up 0.4% to 7,245.1 points.

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

Bank of Queensland Limited (ASX: BOQ)

The Bank of Queensland share price is up 4.5% to $7.94. This follows the release of a trading update ahead of its annual general meeting. That update shows that the bank’s growth momentum has continued throughout the first quarter of FY 2022, with strong application volumes across both the housing and business lending portfolios.

Imugene Limited (ASX: IMU)

The Imugene share price is up 5% to 49.8 cents. This follows the release of an update on its Phase I clinical trial of Oncolytic Virotherapy CHECKvacc. According to the release, the company has dosed its second patient with triple-negative breast cancer (TNBC) at the City of Hope cancer research centre in Los Angeles.

Webjet Limited (ASX: WEB)

The Webjet share price is up 3.5% to $5.51. This gain appears to have been driven by optimism that the Omicron variant of COVID-19 won’t be as bad as first feared. This would be good news for travel markets, which the new variant threatened to derail.

Zip Co Ltd (ASX: Z1P)

The Zip share price is up 8% to $4.65 after releasing an update on its performance in November. The buy now pay later provider was on form again last month, delivering record monthly transaction volume of $906.5 million. This represents an increase of 52% or $310.5 million over the prior corresponding period and annualises at over $10 billion. Zip advised that this was underpinned by an 86% lift in transaction numbers to a record of 7.5 million and a 71% jump in customer numbers to 9.2 million.

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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 ZIPCOLTD FPO. The Motley Fool Australia has recommended Webjet Ltd. 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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