The S&P/ASX 200 Index (ASX: XJO) is having a strong session on Tuesday. In afternoon trade, the benchmark index is up 0.85% to 9,109.3 points.
Four ASX shares that are rising more than most today are listed below. Here's why they are climbing:
Image source: Getty Images
BHP Group Ltd (ASX: BHP)
The BHP share price is up 2.5% to $44.20. This follows the release of the mining giant's first quarter update. Although BHP posted a quarter on quarter decline in production across all commodities, this was expected by the market. So, with management reaffirming its guidance for FY 2026, investors appear pleased and have been snapping up shares today. Commenting on its outlook, CEO Mike Henry said: "With momentum from a strong first quarter, BHP is on track to deliver on full-year guidance and we are making progress on our growth pipeline across Australia and the Americas."
DroneShield Ltd (ASX: DRO)
The DroneShield share price is up 12% to $5.01. This appears to have been driven by a bullish broker note out of Bell Potter this morning. In response to the counter-drone technology company's third quarter update, the broker has retained its buy rating on DroneShield's shares with an improved price target of $5.30 (from $3.70). Bell Potter said: "We expect 2026 will be an inflection point for the global counter-drone industry with countries poised to unleash a wave of spending on soft-kill detect and defeat solutions. Consequently, we believe DRO should win a material portion of its $2,550m potential sales pipeline over the next 3-6 months as defence budgets roll over to FY26."
Hub24 Ltd (ASX: HUB)
The Hub24 share price is up over 8% to $116.25. Investors have been bidding this investment platform provider's shares higher today after it released its first quarter update. Hub24 delivered record net inflows of $5.2 billion for the three months ended 30 September 2025. This represents a 28% increase on the prior corresponding period. This meant that total funds under administration (FUA) reached $146.5 billion at the end of September, which is up 30% year on year. The company also revealed that its market share has climbed to 9%.
Northern Minerals Ltd (ASX: NTU)
The Northern Minerals share price is up 13% to 6.1 cents. This morning, this ASX rare earths stock received non-binding and conditional letters of support from Australia's Export Finance Australia (EFA) agency and the Export-Import Bank of the United States (EXIM). The company's managing director and CEO, Shane Hartwig, said: "We are delighted with and appreciative of the non-binding support from these two important government agencies, which underscores how committed Australia and the US are to assist development of new, non-Chinese supply chains of critical minerals such as Dysprosium and Terbium."
