The S&P/ASX 200 Index (ASX: XJO) is on course to record a decline on Wednesday. At the time of writing, the benchmark index is down 0.7% to 8,946.8 points.
Four ASX shares that are not letting that hold them back are listed below. Here's why they are rising:
Ansell Ltd (ASX: ANN)
The Ansell share price is up 5.5% to $36.20. This follows the release of a trading update from the health and safety products company before its annual general meeting. Management said: "Our first quarter results tracked well versus expected pace on solid sales, including in our US business, and improved margins from favourable FX, lower freight costs, KBU synergy delivery, and continued manufacturing productivity gains." In light of this, the company has upgraded its earnings guidance for FY 2026. It now expects FY 2026 adjusted earnings per share of 137 US cents to 149 US cents (from 133 US cents to 145 US cents).
Boss Energy Ltd (ASX: BOE)
The Boss Energy share price is up over 16% to $1.85. This has been driven by a couple of pieces of news. The first is the release of the uranium producer's quarterly update. The heavily shorted company reported record quarterly production of 385,910 lbs of U3O8 drummed. This is up 11% from the June quarter. Also getting investors excited is news that the United States has pledged more than US$80 billion to purchase nuclear reactors. This marks the country's biggest push to expand its nuclear power generation in decades.
Cedar Woods Properties Ltd (ASX: CWP)
The Cedar Woods share price is up 8% to $8.70. Investors have been buying this property developer's shares following the release of another strong quarterly update. Cedar Woods reported record presales of more than $763 million for the first quarter. This represents a 36% increase over the same quarter last year. It is also a 16% rise from the June quarter. In light of this strong start to the financial year, management has upgraded its guidance for the full year. It now expects its bottom line to grow by 15% (from 10% previously).
Nick Scali Limited (ASX: NCK)
The Nick Scali share price is up 11% to $24.99. This morning, this furniture retailer released a first quarter update and revealed a 10.7% increase in same store sales. Managing director, Anthony Scali, said: "We expect sales revenue for the first half FY26 to be 7-9% more than the previous year. As a result of the anticipated revenue growth in Australia and New Zealand, the Australia and New Zealand statutory net profit after tax for the first half FY26 will be in the range of $39-40 million, compared to $34 million in the prior corresponding period."
