The S&P/ASX 200 Index (ASX: XJO) is having a solid session on Tuesday. In afternoon trade, the benchmark index is up 0.5% to 8,274.6 points.
Four ASX shares that are rising more than most today are listed below. Here's why they are rising:
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BHP Group Ltd (ASX: BHP)
The BHP Group share price is up 2.5% to $39.40. Investors have been buying BHP and other mining shares on Tuesday after the United States and China announced a trade deal. This has sparked hopes that demand for commodities will now be stronger than it would have been if this deal had not been reached.
Catapult Group International Ltd (ASX: CAT)
The Catapult Group share price is up over 4% to $4.46. This appears to have been driven by a broker note out of UBS this morning. According to the note, the broker has initiated coverage on the sports technology company's shares with a buy rating and $5.00 price target. UBS highlights that Catapult is joining the rule of 40 technology club. In light of this, it feels that its shares should be trading on higher multiples and therefore sees plenty of value on offer at current levels.
Life360 Inc (ASX: 360)
The Life360 share price is up 14% to $27.19. Investors have been buying this location technology company's shares after it released its first quarter update. Life360 reported a 32% increase in revenue over the prior corresponding period to US$103.6 million. This was driven by a 37% jump in core subscription revenue to US$76.2 million. Life360's adjusted EBITDA more than tripled to US$15.9 million. The company's co-founder and CEO, Chris Hulls, said: "Life360 started 2025 strongly, achieving record highs in MAUs, subscribers, and Q1 net additions, while making meaningful progress against our strategic roadmap."
Ridley Corporation Ltd (ASX: RIC)
The Ridley Corporation share price is up over 15% to $2.69. This morning, this integrated animal feed manufacturer completed an institutional placement to raise $99 million. The proceeds will be used to partly fund the acquisition of the fertiliser distribution business of Dyno Nobel Ltd (ASX: DNL) for $300 million. Ridley Chairman, Mick McMahon, commented: "The proposed acquisition represents a unique opportunity to add Australia's number one distributor of fertilisers to Ridley's market leading positions in the provision of animal nutrition products and services."
