In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a strong gain. The benchmark index is currently up 1.2% to 7,202.5 points.
Four ASX shares that are climbing more than most today are listed below. Here's why they are rising:
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Elders Ltd (ASX: ELD)
The Elders share price is up 5% to $6.61. This appears to have been driven by a broker note out of Bell Potter. This morning, the broker upgraded this agribusiness company's shares to a buy rating with a $7.25 price target.
Harvey Norman Holdings Limited (ASX: HVN)
The Harvey Norman share price is up 5% to $3.41. This follows the release of the retail giant's guidance for FY 2023. Harvey Norman expects to report profit before tax (excluding net property revaluations and AASB16 Leases) in the range of $636.5 million to $703 million. This will be a 25% to 32% decline year over year. However, Goldman Sachs is expecting a profit before tax of $657 million, which is broadly in the middle of this guidance range.
Latin Resources Ltd (ASX: LRS)
The Latin Resources share price is up 21% to 29.7 cents. This morning, this lithium explorer announced multiple new spodumene discoveries at its 100% owned Salinas Lithium Project in Brazil. Spodumene-rich pegmatites were found in multiple diamond drill holes at two separate locations.
Ramsay Health Care Ltd (ASX: RHC)
The Ramsay Health Care share price is up 5% to $57.65. This morning, this private hospital operator revealed that it is considering selling its Asia joint venture after receiving "significant inbound interest in RSD at values that it feels are in shareholders' interests to explore." In addition, the company revealed that it has refinanced a $1.5 billion bank loan facility.
