It has been a great finish to the week for the S&P/ASX 200 Index (ASX: XJO). In afternoon trade, the benchmark index is up 1.1% to 7,253.2 points.
Four ASX shares that are rising more than most today are listed below. Here's why they are pushing higher:
AGL Energy Limited (ASX: AGL)
The AGL Energy share price is up 11% to $10.74. Investors have been fighting to buy this energy company's shares after it released an update on its earnings guidance. AGL has revised its guidance higher for FY 2023 and revealed that it expects its FY 2024 underlying profit after tax to more than double year over year.
Azure Minerals Ltd (ASX: AZS)
The Azure Minerals share price is up a further 14% to $1.17. Investors have been scrambling to buy this lithium explorer's shares this week. This follows the release of impressive drilling results from the 60%-owned Andover Project. Management believes the results demonstrate the potential for the Andover Project to host lithium resources of world-class scale and tenor.
Eagers Automotive Ltd (ASX: APE)
The Eagers Automotive share price is up 3.5% to $12.92. This morning, this auto retailer announced plans to continue its on-market share buyback. Eagers Automotive will continue to buy upwards of 10% of its issued share capital for a further period of 12 months commencing on 30 June.
Pilbara Minerals Ltd (ASX: PLS)
The Pilbara Minerals share price is up 4% to $4.84. This is despite there being no news out of the lithium miner. However, it is worth noting that lithium shares had a solid night of trade on Wall Street. This appears to be rubbing off on locally listed battery material shares on Friday.
