In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to end the week deep in the red. At the time of writing, the benchmark index is down a disappointing 1.4% to 6,748.9 points.
Four ASX shares that have avoided the selloff are listed below. Here's why they are charging higher:
Image source: Getty Images
Computershare Limited (ASX: CPU)
The Computershare share price is up 3% to $25.68. This is despite there being no news out of the stock transfer and mortgage services company. However, given how it is positively leveraged to rising interest rates, investors may be snapping up shares on the belief that rates will go higher than initially thought.
Critical Resources Ltd (ASX: CRR)
The Critical Resources share price is up a further 5% to 8 cents. This lithium explorer's shares have been on fire this week thanks to the release of a positive update on the 100% owned Mavis Lake Lithium Project. According to the release, assay results have returned the highest grade lithium results in the company's history.
Judo Capital Holdings Ltd (ASX: JDO)
The Judo Capital share price is up over 2% to $1.19. This morning the business bank successfully priced its inaugural public senior unsecured benchmark bond issuance. Judo has issued a three-year fixed rate note priced at 265 basis points over the three-year swap rate. Management notes that the senior unsecured transaction represents another important milestone against the execution of Judo's comprehensive funding strategy.
Platinum Asset Management Ltd (ASX: PTM)
The Platinum share price is up 2% to $1.68. This follows news that the fund manager is extending its share buyback for up to 10% of its issued share capital for another 12 months. The fund manager intends to buy shares should its board determine that the Platinum share price is trading at a significant discount to its underlying value.
