The S&P/ASX 200 Index (ASX: XJO) has failed to follow Wall Street's lead and is trading lower on Thursday. At the time of writing, the benchmark index is down 0.6% to 8,380.2 points.
Four ASX shares that are not letting that hold them back are listed below. Here's why they are rising:
Coronado Global Resources Inc (ASX: CRN)
The Coronado Global share price is up 6% to 75.2 cents. Investors have been buying the coal miner's shares following the release of its quarterly update. Coronado Global reported fourth quarter revenue of $558 million, bringing its full year revenue to $2,508 million. This led to the miner finishing the period with a strong cash balance of $340 million and available liquidity $468 million. Another positive was that its fourth quarter average mining costs per tonne sold was down 17% quarter on quarter to $97.30. Management notes that this is "a reflection of success delivered from the productivity improvement and cost reduction program at the Curragh Complex."
Insignia Financial Ltd (ASX: IFL)
The Insignia Financial share price is up almost 2% to $4.51. This morning, the financial services provider revealed that Bain Capital has improved its non-binding takeover offer for the company. It is now offering $4.60 per share, which is in line with what CC Capital has tabled. Insignia Financial has offered to provide Bain Capital with a limited period of access to certain non-public information on a non-exclusive basis.
Netwealth Group Ltd (ASX: NWL)
The Netwealth share price is up 2% to $29.98. This follows the release of the investment platform provider's quarterly update. Netwealth revealed record quarterly funds under administration (FUA) net inflows of $4.5 billion. This was an increase of 69.8% on the prior corresponding period. It also beats the previous record quarterly inflows of $4 billion achieved in the September 2024 quarter. In light of this, its FUA was $101.6 billion at the end of December. This is an increase of $23.6 billion or 30.2% for the year.
Praemium Ltd (ASX: PPS)
The Praemium share price is up 11.5% to 84.75 cents. Investors have also been buying this investment platform provider's shares following the release of its quarterly update. Praemium reported total FUA of $62.1 billion at the end of December. This represents a 29% increase year on year. Praemium CEO Anthony Wamsteker said: "The December quarter was noteworthy for the very well received launch of Spectrum, our next generation IDPS where we have a strong pipeline, and further improvement across most growth metrics from the previous quarter."
