Why 4DMedical, Iress, Premier Investments, and Tuas shares are pushing higher

These ASX shares are ending the week on a high.

| More on:
Happy diverse colleagues or team of people give high five together to celebrate great teamwork and results.

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

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.

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 no position in any of the stocks mentioned. The Motley Fool Australia has recommended Premier Investments. 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 woman holds her hand out under a graphic hologram image of a human brain with brightly lit segments and section points.
Share Gainers

The Brainchip share price is up 213% this month. Is Nvidia to blame?

The small cap Aussie tech stock is going bananas in 2024.

Read more »

Two happy excited friends in euphoria mood after winning in a bet with a smartphone in hand.
Share Gainers

Why Aussie Broadband, Australian Ethical, Jumbo, and Vulcan are racing higher

These ASX shares are ending the week on a high. But why?

Read more »

A man and woman sit next to each other looking at each other and feeling excited and surprised after reading good news about their shares on a laptop.
Share Gainers

Why Bega Cheese, Domino's, Lovisa, and Universal Store shares are rocketing today

These ASX shares are catching the eye on Thursday. But why?

Read more »

A smiling man at a shop counter takes payment from a female customer, with racks of plants in the background.
Share Gainers

The Wesfarmers share price is rising again. Should I buy the stock now?

The conglomerate reported warmly received results last week and announced a large dividend.

Read more »

Shot of a young scientist using a digital tablet while working in a lab.
Share Gainers

If you'd put $20,000 in this ASX healthcare stock during COVID-19, you'd have $257,000 now

You could have become filthy rich in just 4 years. Just think about that.

Read more »

three businessmen high five each other outside an office building with graphic images of graphs and metrics superimposed on the shot.
Share Gainers

Why Codan, Domino's, Lottery Corp, and Wisetech shares are storming higher today

These ASX shares are avoiding the market weakness today. But why?

Read more »

The silhouettes of ten people holding hands with their arms raised against the sky, as the sun rises or sets in the background.
Share Gainers

Here are the top 10 ASX 200 shares today

Investors endured a mildly negative session on the stock market this Tuesday.

Read more »

Man pointing at a blue rising share price graph.
Technology Shares

Guess which beaten-up ASX 300 tech stock is rocketing 15% today

This once much-loved tech company has lost 98% of its value over the past three years.

Read more »