In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to start the week with a decent gain. At the time of writing, the benchmark index is up 0.6% to 7,397.4 points.
Four ASX shares that are climbing more than most today are listed below. Here's why they are storming higher:
AVZ Minerals Ltd (ASX: AVZ)
The AVZ share price is up almost 19% to 70 cents. This appears to have been driven by news that the lithium explorer is being added to the Global Rare Earth/Strategic Metals Index at the December quarterly rebalance. AVZ will join the index along with Ioneer Ltd (ASX: INR) on 17 December. Ioneer shares are up 17% today.
Brickworks Limited (ASX: BKW)
The Brickworks share price is up 3% to $24.54. This follows the release of first half earnings guidance for its Property business. According to the release, management expects to report record Property EBIT in the range $290 million to $310 million for the half. This compares very favourably to Property EBIT of $253 million in the whole of FY 2021.
Charter Hall Group (ASX: CHC)
The Charter Hall share price is up 5.5% to $20.83. Investors have been buying this property company's shares after it upgraded its earnings guidance for FY 2022 once again. Thanks to a net valuation uplift of ~$3.5 billion for its property portfolio, Charter Hall now expects FY 2022 operating earnings per share of ~105 cents. This is up from its previously upgraded guidance of 83 cents per share.
Senex Energy Ltd (ASX: SXY)
The Senex share price is up 3% to $4.58. This follows news that it has agreed to be acquired by Korean giant POSCO for $4.60 per share. This takeover offer values Senex at approximately $852 million. In addition, Senex intends to pay shareholders a dividend of up to 5 cents per share as part of the agreement.
