The S&P/ASX 200 Index (ASX: XJO) is having a subdued start to the week. In afternoon trade, the benchmark index is down slightly to 7,330.1 points.
Four ASX shares that are not letting that hold them back are listed below. Here's why they are pushing higher:
Block Inc (ASX: SQ2)
The Block share price is up 2% to $95.05. Investors have been buying this payments company's shares on Monday following a decent night for its NYSE listed shares on Wall Street on Friday. A strong showing in the local tech sector today may also be giving its shares a boost.
Nanosonics Ltd (ASX: NAN)
The Nanosonics share price is up 7.5% to $5.56. This is despite there being no news out of the infection prevention company. However, it is worth noting that the healthcare sector is performing positively today, with many medical device companies charging higher.
Pilbara Minerals Ltd (ASX: PLS)
The Pilbara Minerals share price is up 4.5% to $4.20. This may have been driven by investors switching out of lithium shares with South American operations and into comparatively lower risk Australian miners. This follows news that Chile plans to effectively nationalise its lithium industry and take controlling stakes in miners. There may be fears that its neighbours could do the same.
Weebit Nano Ltd (ASX: WBT)
The Weebit Nano share price is up almost 4% to $5.31. This morning, this semiconductor company announced that it has successfully completed an upsized and scaled-back share purchase plan to existing shareholders, raising approximately $15 million. This brings the total funds raised to approximately $60 million. The proceeds will be used to accelerate the commercial roll-out and development of Weebit Nano's ReRAM technology.
