The S&P/ASX 200 Index (ASX: XJO) is on course to record a disappointing decline. In afternoon trade, the benchmark index is down 0.55% to 8,550.3 points.
Four ASX shares that are not letting that hold them back are listed below. Here's why they are rising:
Domino's Pizza Enterprises Ltd (ASX: DMP)
The Domino's Pizza share price is up 3% to $17.48. This pizza chain operator's shares are bouncing back today after a brutal selloff on Tuesday. Investors were selling the company's shares after it announced the shock exit of its CEO after just 8 months in the job. Analysts at Ord Minnett appear to believe this is a buying opportunity. This morning, the broker has upgraded Domino's shares to a buy rating with a trimmed price target of $28.00.
NRW Holdings Limited (ASX: NWH)
The NRW Holdings share price is up almost 4% to $3.07. This has been driven by the release of an update this morning. NRW revealed that it has been awarded a contract by Rio Tinto Ltd (ASX: RIO) for work at its Brockman Syncline 1 mine development. It is located within the Brockman Mine Hub in the Pilbara region of Western Australia. The contract is scheduled to commence immediately with a peak workforce of over 300 people and is valued at approximately $167 million. The company stated: "NRW is pleased to be awarded this project with one of the world's leading mining companies. This is another significant project that NRW will undertake for Rio Tinto and continues to build on the longstanding relationship of delivering successful projects together."
Pro Medicus Ltd (ASX: PME)
The Pro Medicus share price is up 7% to $305.95. Investors have been buying the health imaging technology company's shares after it announced two new contracts worth a total of $190 million. The larger contract is a 10-year deal with UCHealth valued at $170 million. This will see Pro Medicus' Visage platform to replace legacy PACS throughout the Colorado-based health care system. Pro Medicus CEO Dr Sam Hupert said: "UCHealth is a very highly regarded health system providing outstanding care to patients in the Rocky Mountain region of the U.S. They join an ever-growing list of Visage 7 clients to opt for our fully cloud-based solution, which, as a result of our CloudPACS strategy, is becoming the standard in the North American healthcare IT market."
WIA Gold Ltd (ASX: WIA)
The WIA Gold share price is up 13% to 26 cents. This morning, this gold explorer released more promising drilling updates from its Kokoseb Gold Project in the north-west of Namibia. Executive chairman, Josef El-Raghy, said: "The potential to grow Kokoseb significantly is demonstrated by these outstanding results, underpinned by its best gold intercept to date – 50m at 12.00 g/t Au in KRC437. The Kokoseb deposit remains open at depth and along strike, with widths of consistent high grade in the Southern, Central and NW Zones. We look forward to announcing our updated Mineral Resource Estimate later this month, which will mark another important milestone in unlocking Kokoseb's significant value."
