In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to start the week with a gain. At the time of writing, the benchmark index is up 0.3% to 7,578.9 points.
Four ASX shares that are rising more than most today are listed below. Here's why they are charging higher:
Bapcor Ltd (ASX: BAP)
The Bapcor share price is up over 7% to $5.66. Investors have been buying this auto parts company's shares today after it released a first-half trading update. Bapcor revealed that it expects to report revenue growth of 2% and a 13% to 15% decline in profits for the half. This reflects stronger trading in its Trade and Wholesale businesses, which was offset by a weaker performance in Retail and higher finance costs. Nevertheless, this appears to have been better than the market was expecting.
Domino's Pizza Enterprises Ltd (ASX: DMP)
The Domino's share price is up 1.5% to $40.08. This appears to have been driven by bargain hunters swooping in today after Friday's crash. Investors were selling off the pizza chain operator's shares last week after its trading update fell well short of expectations.
Santana Minerals Ltd (ASX: SMI)
The Santana Minerals share price is up 6.5% to $1.38. This morning, this precious metal explorer announced a plan to reward shareholders with a zero-cost bonus option on a 1 for 5 basis. The company doesn't see it as a capital raising. Instead, it believes the move will enhance shareholders' exposure to Santana's future growth in development of the Bendigo-Ophir gold project. The bonus options will be issued for nil upfront consideration but will have an exercise price of $1.08.
Woodside Energy Group Ltd (ASX: WDS)
The Woodside share price is up 2% to $31.85. Investors have been buying Woodside and other ASX energy shares today after oil prices charged higher on strong economic data and Middle East tensions. The S&P/ASX 200 Energy index is up 1.7% this afternoon.
