In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to end the week on a positive note. At the time of writing, the benchmark index is up 0.35% to 7,537.6 points.
Four ASX shares that are climbing more than most today are listed below. Here's why they are charging higher:
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Appen Ltd (ASX: APX)
The Appen share price is up 4% to $2.66. This may have been driven by optimism over the quarterly update from Meta Platforms. Given that the Facebook owner is one of Appen's largest customers, its return to form could be good news for the artificial intelligence data services company.
Janus Henderson Group PLC (ASX: JHG)
The Janus Henderson share price is up 13% to $41.60. This follows the release of the fund manager's fourth quarter update. Janus Henderson's non-GAAP earnings per share of 61 US cents was 20 US cents ahead of consensus estimates. The company's revenue also came in almost US$45 million higher than expectations at US$515.2 million.
Lithium Energy Ltd (ASX: LEL)
The Lithium Energy share price is up 7% to 89 cents. Investors have been snapping up this battery materials explorer's shares following the release of an update on the Burke Graphite Project. That update reveals that assays have confirmed the project to be one of the world's highest-grade deposits.
Pinnacle Investment Management Group Ltd (ASX: PNI)
The Pinnacle share price is up 11% to $10.40. This may have been driven by a broker note out of Morgans this morning. Although a touch underwhelmed with the investment management company's half year results, it believes the selloff has created a good entry point for investors. As a result, the broker has upgraded Pinnacle's shares to an add rating with a $10.75 price target.
