Why AGL, Bravura, Computershare, and Evolution Mining shares are roaring higher today

These shares are having a good time on hump day. But why?

| More on:

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

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a small gain. At the time of writing, the benchmark index is up 0.1% to 8,491.6 points.

Four ASX shares that are rising more than most today are listed below. Here's why they are climbing:

Ecstatic man giving a fist pump in an office hallway.

Image source: Getty Images

AGL Energy Limited (ASX: AGL)

The AGL Energy share price is up almost 2.5% to $11.98. Investors have been buying the energy retailer's shares after it reported an underlying half year net profit after tax of $373 million. While this was down 7% on the prior corresponding period, it was broadly in line with the market's expectations. Also falling was its dividend. The AGL board declared a fully franked interim dividend of 23 cents per share, which is down from 26 cents per share a year ago. Looking ahead, management believes it is well-placed to achieve its recently revised earnings guidance for FY 2025.

Bravura Solutions Ltd (ASX: BVS)

The Bravura Solutions share price is up 20% to $2.77. This morning, this wealth management software solutions company released its half year results. Bravura posted a 0.4% increase in revenue to $127.5 million and a 200% jump in earnings before interest, tax, depreciation, and amortisation (EBITDA) to $23.8 million. This allowed the company's board to declare an unfranked interim dividend of 1.6 cents per share and a special dividend of 8.92 cents per share.

Computershare Ltd (ASX: CPU)

The Computershare share price is up 13% to $40.75. This follows the release of the share registry company's half year results. Computershare posted a 6.4% increase in management revenue to US$1.5 billion and a 27.9% jump in management EBIT (excluding margin income) to $171.2 million. In light of this strong first half, the company has upgraded its management earnings per share guidance for FY 2025. It now expects 135 cents per share, which is up 15% from FY 2024 and represents a 7.5% increase from its prior guidance.

Evolution Mining Ltd (ASX: EVN)

The Evolution Mining share price is up almost 2% to $6.33. Investors have been buying this gold miner's shares after it delivered record earnings and record cash generation during the first half. Underlying net profit was up 144% to $385 million and group cash flow lifted $221 million to $273 million. CEO, Lawrie Conway, said: "We have seen the benefits of the foundations laid during FY24 resulting in consistent and reliable delivery in FY25, with record breaking financial results and significant cash flow generation achieved in the first half."

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 positions in and has recommended Bravura Solutions. The Motley Fool Australia has no position in any of the stocks mentioned. 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

A panel of four judges hold up cards all showing the perfect score of ten out of ten
Share Gainers

Here are the top 10 ASX 200 shares today

It was a veritable party on the ASX today.

Read more »

Excited couple celebrating success while looking at smartphone.
Share Gainers

Why Arafura Rare Earths, Eagers Automotive, Life360, and Pro Medicus shares are racing higher today

These shares are having a good session on hump day. But why?

Read more »

a man wearing old fashioned aviator cap and goggles emerges from the top of a cannon pointed towards the sky. He is holding a phone and taking a selfie.
Energy Shares

Guess which ASX 300 uranium stock is rocketing today on a 'fantastic milestone'

Investors are piling into this ASX 300 uranium stock on Wednesday. But why?

Read more »

A bland looking man in a brown suit opens his jacket to reveal a red and gold superhero dollar symbol on his chest.
Share Gainers

These were the best-performing ASX 200 shares in March

Here are the best-performing shares from the ASX 200 index last month.

Read more »

Multi-ethnic people looking at a camera in a public place and screaming, shouting, and feeling overjoyed.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a volatile but positive Tuesday.

Read more »

Two happy and excited friends in euphoria holding a smartphone, after winning in a bet.
Share Gainers

Why Challenger, Magellan, Northern Star, and West African Resources shares are storming higher

These shares are ending the month on a positive note. But why?

Read more »

Three children wearing athletic short and singlets stand side by side on a running track wearing medals around their necks and standing with their hands on their hips.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a rough start to the trading week this Monday.

Read more »

Three happy office workers cheer as they read about good financial news on a laptop.
Share Gainers

Why AMP, Greatland Resources, Minerals 260, and Woodside shares are pushing higher today

These shares are starting the week on a positive note. But why?

Read more »