In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a decline. At the time of writing, the benchmark index is down 0.4% to 8,121 points.
Four ASX shares that are not letting that hold them back today are listed below. Here's why they are rising:
Boss Energy Ltd (ASX: BOE)
The Boss Energy share price is up almost 11% to $3.21. Investors have been buying ASX uranium stocks this week in response to some big industry news. That news relates to tech giant Microsoft (NASDAQ: MSFT) turning to nuclear power to fuel its artificial intelligence ambitions. It has signed a deal with Constellation Energy (NASDAQ: CEG), which will help resurrect the Three Mile Island nuclear plant in Pennsylvania.
Cettire Ltd (ASX: CTT)
The Cettire share price is up 50% to $1.99. Investors have been buying the online luxury products retailer's shares following the release of its annual report. Last month, Cettire released unaudited results because its auditor, Grant Thornton, needed longer to undertake additional audit procedures on an expanded scope. This included looking into revenue recognition, customs duty and import taxes, and intangible assets. Today's report shows that Grant Thornton has signed off on the results. It said: "In our opinion, the accompanying financial report of the Group is in accordance with the Corporations Act 2001, including: a giving a true and fair view of the Group's financial position as at 30 June 2024 and of its performance for the year ended on that date; and b complying with Australian Accounting Standards and the Corporations Regulations 2001."
Tuas Ltd (ASX: TUA)
The Tuas share price is up over 11% to $4.70. This follows the release of the Singapore-based telco company's full year results. Tuas reported a 36% increase in revenue to $117 million thanks to a 29% increase in mobile active services to 1,053,000 and a modest lift in mobile average revenue per user to $9.68. And thanks to margin expansion, its EBITDA increased 60% year on year to $49.7 million.
Webjet Group Limited (ASX: WJL)
The Webjet Group share price is up 13% to 90.5 cents. Investors have been buying the online travel agent's shares on the belief that they were valued incorrectly on day one of their demerger. Webjet Group is the new home to Webjet's consumer businesses. This comprises the Webjet OTA business, which is the number one online travel agency in Australia and New Zealand, and GoSee, a global travel e-commerce group that specialises in car and motorhome rentals. It will also own Trip Ninja, a provider of technology that automates the highly manual process of selling complex multi-stop travel itineraries for travel intermediaries.
