Why Dexus, Dusk, Macquarie, and Qantas shares are pushing higher

These ASX shares are on form on Friday…

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to end the week with a small decline. At the time of writing, the benchmark index is down a fraction to 6,841.8 points.

Four ASX shares that have not let that hold them back are listed below. Here's why they are pushing higher:

A happy group of workers around a table raise their arms in the air as though celebrating a work achievement. One woman is on her feet with her arm raised in the air in a fist-pumping action.

Image source: Getty Images

DEXUS Property Group (ASX: DXS)

The Dexus share price is up 1% to $8.55. This afternoon the company confirmed that despite some management changes at AMP Limited (ASX: AMP), the purchase of its real estate and domestic infrastructure equity business will go ahead. It is now expected to complete by November for $20 million less than previously advised.

Dusk Group Ltd (ASX: DSK)

The Dusk share price is up almost 7% to $2.36. This follows the release of the specialty retailer's full year results for FY 2022. Dusk reported a 6.9% decline in revenue to $138.4 million and a 31.3% drop in net profit after tax to $18.4 million. This was seen as a decent outcome considering the company lost 24% of its store trading days due to COVID-19 impacts.

Macquarie Group Ltd (ASX: MQG)

The Macquarie share price is up 2% to $177.98. This appears to have been driven by a broker note out of Morgan Stanley this morning. According to the note, the broker has retained its overweight rating and lifted its price target to $231.00. It has upgraded its earnings estimates for FY 2023 to reflect favourable trading conditions.

Qantas Airways Limited (ASX: QAN)

The Qantas share price is up 1.5% to $5.28. This is despite there being no news out of the airline operator today. However, its shares have been on a roll recently following a positive update out of a travel booking company. In addition, oil prices have pulled back materially this week, which could help ease Qantas' fuel costs.

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. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Dusk Group Limited and Macquarie Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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