In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a tiny gain. At the time of writing, the benchmark index is up a fraction to 7,362.2 points.
Four ASX shares that are climbing more than most today are listed below. Here's why they are rising:
AMP Ltd (ASX: AMP)
The AMP share price is up 3% to $1.13. This follows the release of the financial services company's quarterly update. AMP reported growth in both its bank loan book and its asset under management. The latter grew $2 billion to $126.2 billion for the Australian Wealth Management business.
EML Payments Ltd (ASX: EML)
The EML share price is up a further 19% to 80 cents. Investors have been buying this struggling payments company's shares this week after it announced the exit of its CEO and the scrapping of its previously announced strategy. Investors appear to believe this was the right move by EML.
Pilbara Minerals Ltd (ASX: PLS)
The Pilbara Minerals share price is up 4% to $4.11. This may have been driven partly by the release of a broker note out of UBS on Tuesday. That note saw the broker upgrade this lithium miner's shares to a buy rating with a $4.60 price target. While UBS has reduced its near term lithium forecasts, it has boosted its long term assumptions.
Telix Pharmaceuticals Ltd (ASX: TLX)
The Telix share price is up a further 5.5% to $9.39. This pharmaceutical company's shares have been on fire this week following the release of its quarterly update. Telix reported first quarter revenue of $100.1 million. This was up massively from $3.7 million a year earlier and 27% from $79 million in the fourth quarter of FY 2022.
