In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is back on form and charging higher. The benchmark index is currently up 0.35% to 7,186.4 points.
Four ASX shares that are climbing more than most today are listed below. Here's why they are rising:
Image source: Getty Images
Accent Group Ltd (ASX: AX1)
The Accent share price is up 10% to $2.11. Investors have been buying this footwear retailer's shares following the release of its half year results. Although Accent posted a sharp decline in profits due to COVID headwinds, investors appear optimistic that its performance will improve now lockdowns have come to an end.
Healius Ltd (ASX: HLS)
The Healius share price is up 5.5% to $4.42. This follows the release of the healthcare company's half year results. Healius revealed a 43% increase in revenue to $1,339 million and a massive 226% jump in underlying net profit after tax to $245.6 million. This strong growth was driven largely by demand for COVID testing services.
PEXA Group Ltd (ASX: PXA)
The PEXA share price has jumped 15% to $19.65. Investors have been buying the property settlement platform company's shares after it reported a 46% increase in half year revenue to $145.4 million and a 71% jump in EBITDA to $75.5 million. This was ahead of expectations and led to management upgrading its full year pro forma guidance from $107.6 million to between $120 million and $130 million.
WiseTech Global Ltd (ASX: WTC)
The WiseTech share price is up 3.5% to $44.25. This morning the logistics solutions technology company released its half year results and revealed strong top and bottom line growth. WiseTech reported an 18% increase in revenue to $281 million and a 77% jump in underlying net profit after tax to $77.3 million. This strong performance has led to management upgrading its FY 2022 earnings guidance.
