In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record another gain. The benchmark index is currently up 0.35% to 7,039.3 points.
Four ASX shares that are rising more than most today are listed below. Here's why they are jumping:
Evolution Mining Ltd (ASX: EVN)
The Evolution Mining share price is up 4% to $4.01. Investors have been buying Evolution and other gold miners today after the precious metal increased in value again overnight. This has led to the S&P/ASX All Ordinaries Gold index rising over 4% this afternoon.
Fisher & Paykel Healthcare Corporation Ltd (ASX: FPH)
The Fisher & Paykel share price is up 7.5% to $22.12. This has been driven by the release of the medical device company's half-year results. Fisher & Paykel reported a 16% increase in revenue to NZ$803.7 million and a 12% lift in net profit after tax to NZ$107.3 million.
IDP Education Ltd (ASX: IEL)
The IDP Education share price is up 4.5% to $22.89. This morning, the team at Bell Potter upgraded this student placement and language testing company's shares to a buy rating with a $27 price target. It commented: "IDP is trading at a premium to the average EV/EBIT of education services peers in FY24e at 23.7x. However, we believe this is justified due to the Company's significantly larger scale and maturity."
Temple & Webster Group Ltd (ASX: TPW)
The Temple & Webster share price is up 14.5% to $7.40. Investors have been buying this online furniture and homewares retailer's shares after it released a trading update at its annual general meeting. Management revealed that second-quarter sales were up 42% between 1 October and 27 November. This includes the doubling of sales during the Black Friday/Cyber Monday event.
