Why Air New Zealand, Chalice, Evolution, and Origin shares are rising today

These ASX shares are having a positive session…

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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.

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 no position in any of the stocks mentioned. 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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