Investors are finding more positives than negatives on Wednesday as the S&P/ASX 300 Index (ASX: XJO) takes the stairs higher.
More than half of the benchmark's constituents are in the green today amid a flood of financial reports. While some of the companies included in the index are having a shocker of a session after releasing their numbers, the portion of positive performers is carrying the index upwards.
Here's a look at a few ASX 300 shares that are humming along today.
Winner Wednesday for these ASX 300 shares
Starting with the company with the smallest market capitalisation, Polynovo Ltd (ASX: PNV). Investors have pushed shares in the burns treatment business 4.8% higher to $2.20 apiece. Yet, Polynovo is one company that hasn't reported earnings today.
Instead, it appears the company is running on residual excitement stemming from its announcement on 10 August. As previously reported, Polynovo enrolled its first patient in a clinical trial of NovoSorb SynPath. This trial will evaluate the safety and efficacy of Polynovo's product for long sufferers of chronic diabetic foot ulcers.
Polynovo shareholders would be jumping for joy with this ASX 300 share indulging in a nearly 40% increase in the last month.
Meanwhile, two other companies experiencing raving reviews on Wednesday are Super Retail Group Ltd (ASX: SUL) and Brambles Limited (ASX: BXB). In contrast to Polynovo, these companies have reported their earnings today.
At present, Super Retail Group is up 7.9% to $11.03 Similarly, Brambles is relishing in a 4.28% return, taking the share price to $12.31.
Oddly enough, investors are shaking off a 20% drop in profits in FY22. In contrast, Brambles delivered an 18% increase in profits. The ASX 300 share won investors over with its rather solid FY22 result.
