The S&P/ASX 200 Index (ASX: XJO) is fighting hard to end the week on a high. In afternoon trade, the benchmark index is up 0.1% to 7,648.5 points.
Four ASX shares that are rising more than most today are listed below. Here's why they are charging higher:
Boral Ltd (ASX: BLD)
The Boral share price is up almost 10% to $5.93. Investors have been buying this building materials company's shares after it released its half year results. Boral reported a 9% increase in revenue to $1,839.9 million and a 143% jump in underlying net profit after tax to $138.6 million. This stronger than expected half allowed management to increase its FY 2024 EBIT guidance.
Dicker Data Ltd (ASX: DDR)
The Dicker Data share price is up 2% to $11.43. This follows the announcement of the computer hardware and software distributor's latest dividend. Dicker Data will pay a fully franked final quarterly dividend for FY 2023 of 15 cents per share. The record date will be 15 February and the payment date will be 1 March.
DroneShield Ltd (ASX: DRO)
The DroneShield share price is up 17% to 69 cents. This is despite there being no news out of the counter drone technology company. However, it is worth noting that the Australian Government announced a major investment in combat drones today. This demonstrates the growing importance of Droneshield's technology.
Novonix Ltd (ASX: NVX)
The Novonix share price is up almost 15% to 70.5 cents. This morning, this battery materials technology company announced a binding off-take agreement with leading electric vehicle (EV) batteries manufacturer, Panasonic Energy. The agreement is for high performance synthetic graphite anode material to be supplied to Panasonic Energy's North American operations from Novonix's Riverside facility in Tennessee.
