The S&P/ASX 200 Index (ASX: XJO) has finally returned to form on Tuesday. In afternoon trade, the benchmark index is up 0.6% to 7,119.7 points.
Four ASX shares that are climbing more than most today are listed below. Here's why they are rising:
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BCI Minerals Ltd (ASX: BCI)
The BCI Minerals share price is up 4.5% to 22.5 cents. This morning, this mineral resources company announced the execution of a term sheet with Itochu for the supply of high-purity salt from the Mardie Project. Itochu is one of Japan's largest trading and investment companies.
Collins Foods Ltd (ASX: CKF)
The Collins Foods share price is up almost 17% to $9.17. This follows the release of the KFC restaurant operator's full-year results. Collins Foods reported a 14.2% jump in revenue to $1,349.5 million and an underlying net profit after tax of $51.9 million. While the latter was down 12% year on year, it was ahead of expectations.
DEXUS Property Group (ASX: DXS)
The DEXUS share price is up 3% to $7.86. This is despite there being no news out of the property company on Tuesday. However, it is worth noting that most property shares are rising this afternoon. This has led to the S&P/ASX 200 Real Estate index climbing a sizeable 2.2% at the time of writing.
Sonic Healthcare Ltd (ASX: SHL)
The Sonic Healthcare share price is up 2.5% to $35.61. This follows news that the healthcare company has made an acquisition in Switzerland. Sonic is acquiring the Swiss laboratory network of SYNLAB Group for ~A$250 million. In other news, Ord Minnett upgraded the company's shares to a hold rating from lighten this morning.
