The S&P/ASX 200 Index (ASX: XJO) is having an underwhelming finish to the week. In afternoon trade, the benchmark index is down 0.4% to 7,059 points.
Four ASX shares that are not letting that hold them back today are listed below. Here's why they are rising:
4DMedical Ltd (ASX: 4DX)
The 4DMedical share price is up 1.5% to 97 cents. This morning, this medical technology company released a presentation that appears to have caught the eye of investors. It highlights that almost US$14 billion is spent on respiratory diagnostics each year in the United States alone across more than 73 million procedures. Its technology allows physicians to diagnose, treat and manage patients more effectively, more efficiently, and at lower cost than existing modalities.
Iress Ltd (ASX: IRE)
The Iress share price is up a further 4% to $7.31. Investors have been buying this financial technology company's shares this week following the release of strategy and trading update. The latter revealed that management now expects underlying EBITDA of $135 million to $145 million in FY 2024. This compares to its previous guidance of $124 million to $134 million.
Premier Investments Limited (ASX: PMV)
The Premier Investments share price is up over 2% to $24.98. This follows the release of the retail conglomerate's annual general meeting update. Management provided an update on its first-half performance. It said: "Premier Retail delivered a record sales result during this year's 'Black Friday' trading week. Premier expects Premier Retail 1H24 EBIT for the 26-week period ending 27 January 2024 (pre-AASB 16) to be circa $200 million."
Tuas Ltd (ASX: TUA)
The Tuas share price is up 8% to $2.63. This has also been driven by the release of an annual general meeting update. The Singapore-based telco company revealed that it has continued to achieve growth in active services and its average revenue per user metric.
