Why EML, IPD, Iress, and Temple & Webster shares are charging higher today

These ASX shares are ending the month on a positive note. But why?

| More on:
Smiling elderly couple looking at their superannuation account, symbolising retirement.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a small gain. At the time of writing, the benchmark index is up 0.2% to 7,049.7 points.

Four ASX shares that are rising more than most today are listed below. Here's why they are climbing:

EML Payments Ltd (ASX: EML)

The EML share price is up almost 12% to 86 cents. Bargain hunters may be swooping in today following an almighty decline on Wednesday following the release of strategic and trading updates. The latter revealed that its troubled European business continues to burn through significant cash.

IPD Group Ltd (ASX: IPG)

The IPD share price is up 11% to $4.67. This morning, this electrical infrastructure products distributor announced the completion of its fully underwritten institutional placement and entitlement offer. IPD is raising $65 million to acquire CMI Operations, a leading distributor of electrical cables and manufacturer and distributor of plug brands, from Excelsior Capital Limited (ASX: ECL).

Iress Ltd (ASX: IRE)

The Iress share price is up 14.5% to $7.01. This morning, this financial technology company released a strategy update. It advised that its transformation program is progressing well. So much so, it has upgraded its earnings guidance for FY 2024. Management now expects underlying EBITDA of $135 million to $145 million. This compares to its previous guidance of $124 million to $134 million.

Temple & Webster Group Ltd (ASX: TPW)

The Temple & Webster share price is up 9% to $8.07. This is the second day in a row of strong gains for this online furniture and homewares retailer's shares. This has been driven by the release of a strong trading update at its annual general meeting. Management revealed that its sales growth has accelerated in the second quarter and was up 42% quarter to date at 27 November.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended EML Payments, Ipd Group, and Temple & Webster Group. The Motley Fool Australia has recommended Ipd Group and Temple & Webster Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Share Gainers

A man looking at his laptop and thinking.
Share Gainers

Should I buy Nvidia stock as an Australian investor?

Many Aussies are thinking of jumping on the bandwagon, but they need to think about these issues first.

Read more »

A woman sits in a cafe wearing a polka dotted shirt and holding a latte in one hand while reading something on a laptop that is sitting on the table in front of her
Share Gainers

Here are the top 10 ASX 200 shares today

It was a rough day for ASX 200 investors this Wednesday.

Read more »

A woman's hair is blown back and her face is in shock at this big news.
Share Gainers

Why APM, DroneShield, EOS, and NextDC shares are charging higher

These ASX shares are having a strong session on Wednesday. But why?

Read more »

A happy businessman pointing up, inidicating a rise in share price
Materials Shares

Why are ASX lithium shares like Liontown having such a bumper session today?

Lithium shares are defying the broader market on Wednesday.

Read more »

Man with rocket wings which have flames coming out of them.
Share Gainers

This ASX All Ords stock just surged 88% in less than 3 days! Any guesses?

The ASX All Ords stock is drawing intense buying interest from investors this week.

Read more »

A little girl with red hair runs excitedly with a rocket strapped to her back, trying to launch.
Share Gainers

This small-cap ASX stock just rocketed 39%. What's doing?

A stock no one has heard of is lighting up trading screens on Wednesday. You might hear this name more…

Read more »

A man eases back onto his sofa, happy with the relaxed vibe from his furniture.
Share Gainers

If you'd put $30,000 in this ASX retail stock 11 months ago, you'd have $116,000 now

When battered stocks make a comeback, it happens very quickly. Here's a prime example.

Read more »

Ordinary Australians waiting at the bus stop using their phones to trade ASX 200 shares today
Share Gainers

Here are the top 10 ASX 200 shares today

The ASX 200 somehow managed to snatch a gain this Tuesday.

Read more »