Why CBA, Computershare, Dicker Data, and Temple & Webster shares are on fire today

These ASX shares are on fire on Wednesday…

| More on:
Concept image of a man in a suit with his chest on fire.

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

The S&P/ASX 200 Index (ASX: XJO) is having another positive day. In afternoon trade, the benchmark index is up 0.4% to 7,214.3 points.

Four ASX shares that are climbing more than most today are listed below. Here's why they are on fire:

Commonwealth Bank of Australia (ASX: CBA)

The Commonwealth Bank share price is up 5.5% to $99.55. This follows the release of the banking giant's half year results. Australia's largest bank delivered a 23% increase in cash earnings to $4,746 million, which was well-ahead of expectations. In addition, CBA is returning significant capital to investors. It has declared a $1.75 per share interim dividend and announced a $2 billion on-market share buyback.

Computershare Limited (ASX: CPU)

The Computershare share price has jumped 13% to $22.54. Investors have been buying the stock transfer company's shares after its first half update impressed the market. Computershare reported a 4.6% increase in management revenue to US$1.2 billion and a 4.5% lift in management earnings per share to 22.76 US cents. In light of this strong half, the company has upgraded its full year earnings per share growth guidance from 2% to 9%.

Dicker Data Ltd (ASX: DDR)

The Dicker Data share price is up 8% to $14.66. This follows the release of a dividend announcement from the leading IT distributor. According to the release, Dicker Data will pay a final fully franked dividend of 15 cents per share for FY 2021. This brings its full year dividend to 42 cents per share, which is up 27% year on year.

Temple & Webster Group Ltd (ASX: TPW)

The Temple & Webster share price has jumped 11% to $8.96. Investors have been buying the online furniture retailer's shares after it delivered a 46% increase in revenue to $235 million during the first half. And while the company reported a 40% decline in profit to $7.3 million, this was largely expected given its planned increased investment to fuel its growth.

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 and has recommended Dicker Data Limited and Temple & Webster Group Ltd. The Motley Fool Australia owns and has recommended Dicker Data Limited. The Motley Fool Australia has recommended Temple & Webster Group Ltd. 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

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

Let's also take a look at what the various ASX sectors were doing this Wednesday.

Read more »

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

Why Argosy Minerals, Immutep, Pointsbet, and Regis Resources shares are racing higher

These shares are having a strong session on Wednesday. But why?

Read more »

Businessman smiles with arms outstretched after receiving good news.
Share Gainers

Here are the top 10 ASX 200 shares today

It was another strong showing from the share market today.

Read more »

A young woman holding her phone smiles broadly and looks excited, after receiving good news.
Share Gainers

Healthco Healthcare, Medadvisor, Ramsay Health Care, and Tamboran shares are rising

These shares are having a strong session. But why?

Read more »

drug capsule opening up to reveal dollar signs signifying rising asx share price
Share Gainers

If you invested $6,000 in Mesoblast shares a month ago you'd have $15,636 now!

Mesoblast shares have been on a tear this past month. But why?

Read more »

Smiling man working on his laptop.
Share Gainers

Here are the top 10 ASX 200 shares today

It was back to the races for ASX shares today, in a confident start to the week.

Read more »

rising gold share price represented by a green arrow on piles of gold block
Share Gainers

Here are the top 10 ASX 200 shares today

It was a horrible way to end the trading week today for ASX investors.

Read more »

Female miner smiling at a mine site.
Share Gainers

Up 834% in a year, guess which ASX mining stock is hitting new all-time highs today

The ASX mining stock has gone from strength to strength over the past year.

Read more »