In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is fighting hard to stay in positive territory. At the time of writing, the benchmark index is up slightly to 7,382.9 points.
Four ASX shares that are climbing more than most today are listed below. Here's why they are charging higher:
Brickworks Limited (ASX: BKW)
The Brickworks share price is up almost 5% to $22.81. Investors have been buying this building products company's shares following the release of its half year results. Brickworks reported a 24% increase in revenue to $535 million and a 254% jump in underlying earnings before interest and tax (EBIT) to $450 million. This was driven by investment earnings of $73 million and a $349 million increase in the value of its share in the joint venture property trust with Goodman Group (ASX: GMG).
JB Hi-Fi Limited (ASX: JBH)
The JB Hi-Fi share price is up almost 4% to $52.57. This follows the release of a sales update from the retail giant. That update revealed that business has been booming so far during the second half. JB Hi-Fi revealed that for the period 1 January to 23 March 2022, it continued to see heightened customer demand and strong sales growth. This led to JB Hi-Fi Australia reporting total sales of 11.3% quarter to date.
Mesoblast limited (ASX: MSB)
The Mesoblast share price is up over 4% to $1.15. Investors have been buying this biotech company's shares after it announced a key appointment. Mesoblast has appointed Philip R. Krause, M.D. to its board of directors. For the past decade, Dr. Krause has been the Deputy Director, Office of Vaccines Research and Review at the US Food and Drug Administration's Center for Biologics Evaluation and Research.
Sayona Mining Ltd (ASX: SYA)
The Sayona Mining share price has continued its impressive run and is up a further 7% to 22.5 cents. Investors have been scrambling to buy this lithium explorer's shares this month following a positive mineral resource update and its inclusion in the All Ordinaries and ASX 300 indices.
