Why Hub24, Sezzle, Telix, and Westpac shares are rising

The S&P/ASX 200 Index (ASX: XJO) is back on form on Tuesday. In afternoon trade, the benchmark index is up 1.3% to 6,749.4 points. Four ASX shares that are climbing more than most today are listed below. Here's why they are rising:

Hub24 Ltd (ASX: HUB)

The Hub24 share price is up 14% to $25.20. Investors have been buying this investment platform provider's shares following the release of its quarterly update. According to the release, Hub24 recorded platform net inflows of $3 billion for the three months. This took its total funds under administration to $52.4 billion. This was driven by continued growth in the number of advisers on its platform.

Sezzle Inc (ASX: SZL)

The Sezzle share price is up over 7% to 51 cents. This morning the buy now pay later (BNPL) provider announced that it has entered into a new $100 million credit facility. Management notes that the facility provides Sezzle with greater capacity, improved flexibility, and extends its funding into 2024.

Telix Pharmaceuticals Ltd (ASX: TLX)

The Telix share price is up 9% to $6.09. Investors have been buying this biopharmaceuticals company's shares after it released promising preliminary data from two separate investigator-initiated studies. These studies were for TLX250-CDx in triple negative breast cancer and non-muscle invasive bladder cancer.

Westpac Banking Corp (ASX: WBC)

The Westpac share price is up almost 2% to $23.87. This morning Westpac confirmed that it is interested in acquiring payments processor Tyro Payments Ltd (ASX: TYR). The banking giant believes that acquiring Tyro would boost its small business offering. Though, it has warned that there's no guarantee that a deal will be reached.