On Thursday, the S&P/ASX 200 Index (ASX: XJO) has followed Wall Street's lead and is pushing higher. At the time of writing, the benchmark index is up 0.55% to 7,239.3 points.
Four ASX shares that are rising more than most today are listed below. Here's why they are charging higher:
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Nufarm Ltd (ASX: NUF)
The Nufarm share price is up 14% to $6.03. This follows the release of the agricultural chemicals company's half-year results. Nufarm reported a 7% increase in underlying net profit after tax to $142 million for the six months ended 31 March 2023. This allowed the Nufarm board to declare an unfranked interim dividend of 5 cents per share, up 25% year over year.
Serko Ltd (ASX: SKO)
The Serko share price is up a further 7.5% to $3.14. Investors have been buying this travel technology company's shares since the release of its full-year results yesterday, which revealed a 154% increase in total income to NZ$48 million. In response, this morning Citi has retained its buy rating and Macquarie has upgraded Serko's shares to an outperform rating.
Temple & Webster Group Ltd (ASX: TPW)
The Temple & Webster share price is up a further 8% to $4.80. A positive trading update on Wednesday has put a rocket under this online furniture retailer's shares. Goldman Sachs was impressed with the update and has reiterated its buy rating with an improved price target of $6.40.
Xero Limited (ASX: XRO)
The Xero share price is up 9% to $102.50. This follows the release of the cloud accounting platform provider's full-year results. For the 12 months ended 31 March, Xero posted a 28% increase in operating revenue to NZ$1.4 billion, a 26% lift in annualised monthly recurring revenue to NZ$1.55 billion, and a 45% jump in adjusted EBITDA to NZ$301.7 million.
