In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) has defied the selling on Wall Street and pushed higher. At the time of writing, the benchmark index is up 0.45% to 6,652.2 points.
Four ASX shares that are climbing more than most today are listed below. Here's why they are pushing higher:
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Data#3 Limited (ASX: DTL)
The Data#3 share price is up almost 11% to $5.36. Investors have been buying this business technology solutions company's shares following the release of a trading update. That update reveals that Data#3 expects to report a full-year profit before tax of $44 million in FY 2022. This is up 19% year on year.
Netwealth Group Ltd (ASX: NWL)
The Netwealth share price is up 5.5% to $13.14. This follows the release of a trading update which revealed that the investment platform provider achieved annual net inflows of $13 billion for FY 2022. This was its highest ever annual net inflows and an increase of 32.4% on last year's numbers. This led to Netwealth's funds under administration (FUA) reaching $55.7 billion at the end of June.
New Hope Corporation Limited (ASX: NHC)
The New Hope share price is up 6.5% to $4.28. Investors have been buying New Hope and other coal shares this week after coal prices continued to rise. In addition, the company's shares were given a boost from a broker note out of Credit Suisse on Wednesday. Its analysts have retained their outperform rating and $4.90 price target on its shares.
Pilbara Minerals Ltd (ASX: PLS)
The Pilbara Minerals share price is up almost 3% to $2.43. After a poor start to the day, this lithium share is rebounding. Although Pilbara Minerals reported its first decline in the price received from a BMX lithium auction, it is still commanding a price that is materially higher than 12 months ago.
