In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a disappointing decline. At the time of writing, the benchmark index is down 0.5% to 7,406.9 points.
Four ASX shares that are not letting that hold them back are listed below. Here's why they are pushing higher:
BrainChip Holdings Ltd (ASX: BRN)
The BrainChip share price is up 7% to $1.10. This morning the artificial intelligence technology company responded to a speeding ticket from the ASX. BrainChip suggested that its incredible rise in 2022 may have been driven by recent media coverage. This includes the reports that the company's Akida chip has been used in a Mercedes concept car.
PointsBet Holdings Ltd (ASX: PBH)
The PointsBet share price is up 5% to $6.51. Investors have been buying the sports betting company's shares after it announced a deal with the NHL Alumni Association (NHLAA). PointsBet Canada has become the exclusive sports betting partner of the NHLAA in Canada and also an official partner of the association in the United States.
PolyNovo Ltd (ASX: PNV)
The PolyNovo share price has rocketed 25% higher to $1.79. This follows the release of a first half sales update from the medical device company. According to the release, following a strong second quarter, PolyNovo expects to report first half group sales growth of 45% to A$16.28 million (excluding Barda revenue). A strong performance in the US underpinned this growth.
Syrah Resources Ltd (ASX: SYR)
The Syrah share price has jumped 11% to $2.06. This is despite there being no news out of the graphite producer. However, investors have been buying the company's shares in recent weeks after it announced a deal with electric car giant Tesla. The Syrah share price hit a multi-year high just after lunch.
