Why AGL, Mirvac, PeopleIn, and SkyCity shares are charging higher

These ASX shares are charging higher on Friday…

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to end the week in the red. At the time of writing, the benchmark index is down 0.85% to 6,787.6 points.

Four ASX shares that are not letting that hold them back are listed below. Here's why they are charging higher:

An older woman high fives an older man with big smiles after seeing good news on their laptop regarding their ASX tech shares

Image source: Getty Images

AGL Energy Limited (ASX: AGL)

The AGL share price is up 3% to $6.87. This is despite there being no news out of the energy company today. However, the utilities sector has been performing strongly. This could be due to investors seeking safe havens amid today's market volatility.

Mirvac Group (ASX: MGR)

The Mirvac share price is up over 2% to $2.00. This morning this property company announced the appointment of its new managing director and CEO, Campbell Hanan. According to the release, Campbell Hanan will take up this appointment from early March 2023, succeeding Susan Lloyd-Hurwitz. Hanan currently serves as the Head of Mirvac's Integrated Investment Portfolio.

PeopleIn Ltd (ASX: PPE)

The PeopleIn share price is up 3.5% to $3.27. This follows the release of the workforce management provider's market update this morning. PeopleIn advised that operating conditions continue to be highly positive, given the strength of the employment market and extensive demand from its clients. This allowed the company to reaffirm its FY 2023 earnings guidance for normalised EBITDA of $62 million to $66 million.

SkyCity Entertainment Group Limited (ASX: SKC)

The SkyCity share price is up 3.5% to $2.53. This morning the casino and resorts operator released a trading update ahead of its annual general meeting. Management revealed that it has started the year strongly with "revenue and EBITDA exceeding" internal expectations. This includes its Adelaide operation achieving its highest revenue result yet in the first quarter.

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 positions in and has recommended Peoplein. The Motley Fool Australia has recommended Peoplein. 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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