The S&P/ASX 200 Index (ASX: XJO) is out of form on Thursday. In afternoon trade, the benchmark index is down 0.55% to 7,188.8 points.
Four ASX shares that aren't letting that hold them back today are listed below. Here's why they are charging higher:
Air New Zealand Limited (ASX: AIZ)
The Air New Zealand share price is up almost 3% to 74 cents. This morning the airline operator upgraded its half year earnings guidance. It now expects earnings before significant items and tax to be in the range of NZ$295 million to NZ$325 million for the half. This compares to its previous guidance of NZ$200 million to NZ$275 million. Continued strong travel demand across the domestic and international networks, as well as a recent decline in jet fuel prices, has accelerated the airline's financial recovery.
Chalice Mining Ltd (ASX: CHN)
The Chalice Mining share price is up 13% to $6.32. This follows the release of promising drilling results from the Julimar Complex in Western Australia. Drilling at the greenfield Hooley Prospect, ~5km north of the current Gonneville Resource, has intersected a significant PGE-nickel-copper-cobalt-gold mineralisation.
Evolution Mining Ltd (ASX: EVN)
The Evolution Mining share price is up over 4% to $2.92. This follows a rebound in the gold price overnight after the US dollar and bond yields softened. Evolution isn't the only gold miner rising today. The S&P/ASX All Ordinaries Gold index is up 2.8% this afternoon.
Origin Energy Ltd (ASX: ORG)
The Origin share price is up 1% to $7.85. This may have been driven by a broker note out of Credit Suisse this morning. According to the note, the broker has upgraded the energy company's shares to an outperform rating with a $9.00 price target.
