In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to start the week with a decline. At the time of writing, the benchmark index is down 0.5% to 8,461.5 points.
Four ASX shares that are not letting that hold them back are listed below. Here's why they are rising:
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BWP Trust (ASX: BWP)
The BWP share price is up 2% to $3.65. This morning, this Bunnings Warehouse focused property company announced its distribution for the six months ended 30 June. It stated: "In accordance with the Trust's constitution the distributable amount will be distributed. The estimated distribution, based on unaudited accounts, is 9.45 cents per unit. It is expected that there will be no conduit foreign income included in the distribution."
Metcash Ltd (ASX: MTS)
The Metcash share price is up 3% to $3.81. Investors have been buying this wholesale distributor's shares following the release of its full year results. Metcash reported an 8.9% increase in revenue to $17.3 billion, or 7.2% to $19.5 billion when including charge-through sales. On the bottom line, its underlying profit after tax slipped 2.4% to $275.5 million. However, this was in line with its guidance range of $273 million to $277 million. A fully franked final dividend of 9.5 cents per share was declared. Metcash also reported that it has started FY 2026 strongly.
Resolute Mining Ltd (ASX: RSG)
The Resolute Mining share price is up 5% to 62.5 cents. This may have been driven by a broker note out of Ord Minnett this morning. According to the note, the broker has upgraded the gold miner's shares to a buy rating with an improved price target of $1.00. Based on its current share price, this implies potential upside of 60% for investors over the next 12 months. It made the move after lifting its earnings estimates for the medium term.
SHAPE Australia Corp Ltd (ASX: SHA)
The SHAPE Australia share price is up 6.5% to $4.14. This morning, the national fit-out and construction services specialist released a trading update that went down well with investors. SHAPE revealed that net profit after tax is expected to be between up $20.5 million to $21.5 million. The midpoint of this guidance range represents an increase of 31% year on year. SHAPE's CEO, Peter Marix-Evans, commented: "SHAPE delivered strong improvements across key financial and operational metrics in FY25. Starting the year with a robust project backlog, we were well-positioned to grow revenue and deliver strong profit outcomes. That momentum has continued throughout the year, with strong project wins secured, laying a solid foundation for continued growth in FY26."
