The S&P/ASX 200 Index (ASX: XJO) has returned to form on Tuesday. In afternoon trade, the benchmark index is up 0.4% to 7,334.7 points.
Four ASX shares that are rising more than most today are listed below. Here's why they are pushing higher:
BHP Group Ltd (ASX: BHP)
The BHP share price is up 4% to $46.11. Investors have been buying BHP and other ASX mining shares on Tuesday after China flagged further stimulus measures to help boost its property sector and support consumer spending. The S&P/ASX 200 Resources index is up 2.8% this afternoon.
Endeavour Group Ltd (ASX: EDV)
The Endeavour share price is up 2.5% to $6.12. This morning, Goldman Sachs added this drinks giant to its conviction list with a buy rating and a $7 price target. The broker believes that Endeavour "has been over-sold on recent Victorian gaming restriction news that is unlikely to have a significant impact on earnings." It feels this has created a buying opportunity "given [its] attractive valuation for a clear leader in a staples."
Monadelphous Group Ltd (ASX: MND)
The Monadelphous share price is up 5% to $13.15. This appears to have been driven by news that the engineering and mining services company has signed an agreement with lithium giant Albemarle Corp (ASX: ALB). Monadelphous has secured a $200 million construction contract for the expansion of the Kemerton lithium hydroxide plant, located in Western Australia.
Pilbara Minerals Ltd (ASX: PLS)
The Pilbara Minerals share price is up 5% to $4.83. Investors have been buying this lithium miner's shares after it released its fourth-quarter update. Although the update revealed a much sharper-than-expected decline in lithium prices, investors appear to have been impressed by its record production.
