In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to end the week deep in the red. At the time of writing, the benchmark index is down 1.15% to 7,370.2 points.
Four ASX shares that are not letting that hold them back are listed below. Here's why they are rising:
Bravura Solutions Ltd (ASX: BVS)
The Bravura share price is up 2% to 50.5 cents. This morning, this financial software company announced the appointment of its new CEO. The company has appointed Andrew Russell with immediate effect. Russell has been leading Bravura on an interim basis since last month while the board undertook a global external executive search.
Global Lithium Resources Ltd (ASX: GL1)
The Global Lithium share price is up 4% to $1.84. This follows the release of the lithium explorer's quarterly update. Global Lithium's managing director, Ron Mitchell, commented: "The June quarter has been an important period for GL1 as we accelerated our CY2023 exploration programs at the Manna and Marble Bar Lithium Projects in Western Australia. The ongoing work on these projects will support the delivery of our Definitive Feasibility Study at Manna in late CY2023."
Insignia Financial Ltd (ASX: IFL)
The Insignia share price is up a further 2% to $2.99. Investors have been buying this financial services company's shares this week following the release of a business update. That update revealed that Insignia had a strong finish to FY 2023. In addition, the company has announced the sale of its IOOF business to Australian Unity for up to $40 million.
Siteminder Ltd (ASX: SDR)
The Siteminder share price is up 22% to $4.30. This has been driven by the release of the hotel software company's trading update. Siteminder revealed that it expects to report a 30.5% increase in revenue to $151.4 million for FY 2023. In addition, its annualised recurring revenue (ARR) increased 33.5% year on year to $173.1 million.
