The S&P/ASX 200 Index (ASX: XJO) is out of form again on Tuesday. In afternoon trade, the benchmark index is down 1.65% to 6,992.1 points.
Four ASX shares that are not letting that hold them back today are listed below. Here's why they are rising:
Kingsgate Consolidated Limited (ASX: KCN)
The Kingsgate share price is up 10% to $1.61. Investors have been buying this gold miner's shares for a couple of reasons. One is a rise in the gold price and the other is an update on the Chatree Gold Mine. The latter reveals that inspectors have given its Thailand-based mine the thumbs up for reopening.
Neuren Pharmaceuticals Ltd (ASX: NEU)
The Neuren Pharmaceuticals share price is rising again and is up 11% to $10.08. Investors have been buying this biotech company's shares this week after its treatment for Rett's Syndrome was granted US FDA approval. The company has a deal in place with its partner Acadia Pharmaceuticals (NASDAQ: ACAD) that could underpin significant royalty and milestone payments.
Newcrest Mining Ltd (ASX: NCM)
The Newcrest share price is up over 3% to $24.81. Investors have been buying this gold miner's shares following a strong rise in the gold price. This was driven by demand for safe haven assets and has lifted the whole industry. For example, the S&P/ASX All Ordinaries Gold index is up almost 3% today.
Pushpay Holdings Ltd (ASX: PPH)
The Pushpay share price is up 2.5% to $1.16. This morning, this payments company revealed that it has given Pegasus Bidco another day to make an improved takeover offer. The suitor now has until 7pm New Zealand time on Wednesday to make its new proposal. This comes after shareholders rejected its previous offer at the start of the month.
