Why Brickworks, JB Hi-Fi, Mesoblast, and Sayona shares are charging higher

These ASX shares are on form on Thursday…

| More on:
Green arrow going up on stock market chart, symbolising a rising share price.

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

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.

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 Brickworks. The Motley Fool Australia owns and has recommended Brickworks. 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

A happy young couple lie on a wooden deck using a skateboard for a pillow.
Share Gainers

These were the best-performing ASX 200 shares in March

These shares made their shareholders smile in March thanks to some very big gains.

Read more »

Stock market chart in green with a rising arrow symbolising a rising share price.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a massive day for the ASX 200, with a new all-time high recorded.

Read more »

A man sits thoughtfully on the couch with a laptop on his lap.
Technology Shares

This ASX tech stock rocketed 60% in March! Can it keep on delivering?

After soaring in March, the ASX tech stock is now up 169% since this time last year.

Read more »

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

Why Mesoblast, Newmont, Pilbara Minerals, and Platinum shares are jumping

These ASX shares are ending the week strongly. But why?

Read more »

A young male ASX investor raises his clenched fists in excitement because of rising ASX share prices today
Share Gainers

3 ASX All Ords shares up 50%+ in March

These ASX shares have been on fire this month. But why?

Read more »

Woman looks amazed and shocked as she looks at her laptop.
Share Gainers

Why Mesoblast, Patriot Battery Metals, Sigma, and Zip shares are pushing higher

These shares are having a good session on hump day. But why?

Read more »

Woman looks amazed and shocked as she looks at her laptop.
Consumer Staples & Discretionary Shares

If you'd put $20,000 in this ASX retail stock at the start of 2023, you'd have $134,000 now

This online retailer has executed a remarkable turnaround for its investors.

Read more »

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

It was back to earth for ASX shares this Tuesday.

Read more »