The S&P/ASX 200 Index (ASX: XJO) is having a tough session on Friday. In afternoon trade, the benchmark index is down 0.7% to 8,681.3 points.
Four ASX shares that are not letting that hold them back are listed below. Here's why they are rising:
Capstone Copper Corp (ASX: CSC)
The Capstone Copper share price is up 8% to $9.26. Investors have been buying this copper miner's shares following the release of its quarterly update. Capstone Copper reported record total copper production of 57,416 tonnes at C1 cash costs of $2.45 per pound. This underpinned record adjusted EBITDA of $215.6 million for the second quarter, which is up from $123.1 million a year earlier. CEO Cashel Meagher commented: "Our second quarter was defined by several key accomplishments, including achieving record copper production, generating significant cash flow, and completing our balance sheet refinancing strategy. Earlier this month we also announced another significant milestone with receipt of the Mantoverde Optimized permit."
Flight Centre Travel Group Ltd (ASX: FLT)
The Flight Centre share price is up 2% to $12.18. This may have been driven by a broker note out of Macquarie this morning. According to the note, in response to its full year update, the broker has retained its outperform rating with a reduced price target of $15.20. It said: "A disappointing update, but recent US/ME volatility created some downside risk heading into FY25 result. Broader travel activity, while volatile, is improving post these events creating a better outlook into FY26. The mkt. will expect to see some benefits from Prod. Ops. in FY26."
ResMed Inc. (ASX: RMD)
The ResMed share price is up over 2% to $43.45. This follows the release of the sleep disorder treatment company's full year results. ResMed posted a 10% increase in full year revenue to US$5.1 billion and a 28% increase in income from operations to US$1,685.4 million. ResMed's chair and CEO, Mick Farrell, said: "Our strong finish to fiscal year 2025 reflects ongoing momentum across our business, driven by robust global demand for our market-leading sleep and breathing health devices, as well as our expanding digital health ecosystem."
SKS Technologies Group Ltd (ASX: SKS)
The SKS Technologies share price is up 5% to $2.33. Investors have been buying this technology solutions company's shares following the release of a market update. The company revealed that it expects to achieve an unaudited profit before tax of $20.8 million for FY 2025. This represents a 15.6% increase on the $18 million guidance provided to the market in May. It is also more than three times greater than the $6.5 million achieved in FY 2024.
