Why Fiducian Group, Northern Star, Paradigm, and Santos shares are charging higher

These shares are avoiding the market sell-off.

| More on:
Man drawing an upward line on a bar graph symbolising a rising share price.

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 another day to forget on Friday. In afternoon trade, the benchmark index is down 1.45% to 7,532.3 points.

Four ASX shares that are not letting that hold them back today and are avoiding the market selloff are listed below. Here's why they are rising:

Fiducian Group Ltd (ASX: FID)

The Fiducian Group share price is up 6% to $8.04. This follows the release of an update from the financial services company. The company revealed that net inflows to the core Fiducian platform for the quarter ending 31 March 2024 were $53 million. This brings its year to date net inflows to $139 million. This means that the company's funds under management, administration and advice were $13.7 billion at the end of March. This is up 11.4% year on year from $12.3 billion.

Northern Star Resources Ltd (ASX: NST)

The Northern Star share price is up 4% to $15.90. Investors have been buying Northern Star and other gold miners today after investors rotated out of risk assets and into risk off/safe haven assets. This has been driven by reports claiming that Israel has retaliated to the recent Iranian attacks with strikes of its own. Demand has been so strong for safe haven assets that the S&P/ASX All Ordinaries Gold index is up almost 3% this afternoon.

Paradigm Biopharmaceuticals Ltd (ASX: PAR)

The Paradigm Biopharmaceuticals share price is up 3.5% to 29.5 cents. This morning, this biopharmaceuticals company announced the submission of key documents to the US Food and Drug Agency (FDA) for review and agreement on the progression of the phase 3 clinical program in osteoarthritis. Paradigm's managing director, Paul Rennie, commented: "This is important progress for Paradigm as we deliver a significant amount of new data to the US FDA for review to progress to the next stage of the phase 3 OA program."

Santos Ltd (ASX: STO)

The Santos share price is up 3% to $7.93. This has also been driven by news that Israel has retaliated and attacked Iranian sites with missiles. In response to the news, oil prices have jumped almost 4% amid concerns that this could disrupt oil supply in the region. According to CNBC, at the time of writing, the WTI crude oil price is up 4% to US$86.06 a barrel and the Brent crude oil price is up 3.9% to US$90.50 a barrel. The S&P/ASX 200 Energy index is up 0.8% in afternoon trade.

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 Fiducian 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

Sports fans looking at smart phone representing surging pointsbet share price
Share Gainers

Guess which ASX All Ords share just rocketed 25% on an earnings upgrade

Investors are bidding up the ASX All Ords share following an improved FY 2024 earnings outlook.

Read more »

A woman's hand draws a stylised 'Top Ten' on a projected surface.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a sobering end to the week's trading this Friday.

Read more »

Man holding Australian dollar notes, symbolising dividends.
Share Gainers

How a $9k investment in this ASX All Ords stock ballooned to $35,234 in just 3 years!

Shares in the ASX All Ords stock have rocketed even as it’s paid out market-beating dividends.

Read more »

Two colleagues at work looking at a tablet and smiling at a rising share price.
Share Gainers

Why AIC Mines, Bendigo and Adelaide Bank, Patriot Battery Metals, and Vulcan Energy are racing higher today

These shares are ending the week in a positive fashion.

Read more »

Emotional euphoric young woman giving high five to male partner, celebrating family achievement, getting bank loan approval, or financial or investing success.
Share Gainers

Guess which ASX lithium share just leapt 13% on major financing news!

Investors are bidding up the ASX lithium share on the back of major financing news.

Read more »

A neon sign says 'Top Ten'.
Share Gainers

Here are the top 10 ASX 200 shares today

The ASX 200 was on fire today, with almost every sector surging.

Read more »

a man sits back from his laptop computer with both hands behind his head feeling happy to see the Brambles share price moving significantly higher today
Share Gainers

Why Aristocrat Leisure, Graincorp, Incitec Pivot, and Patriot Battery Metals shares are rising today

These shares are having stronger-than-average sessions on Thursday. But why? 

Read more »

Doctor doing a telemedicine using laptop at a medical clinic
Share Gainers

Guess which ASX healthcare stock just exploded 63% on Federal budget funding news!

Investors are bidding up the ASX healthcare stock amid extra funding in the Federal budget.

Read more »