The S&P/ASX 200 Index (ASX: XJO) is back on form and pushing higher. At the time of writing, the benchmark index is up 0.4% to 8,922.5 points.
Four ASX shares that are rising more than most today are listed below. Here's why they are ending the week with a bang:
Cedar Woods Properties Ltd (ASX: CWP)
The Cedar Woods share price is up 5.5% to $8.94. This may have been driven by the release of a bullish broker note out of Bell Potter. According to the note, the broker has retained its buy rating on the property developer's shares with an improved price target of $9.70. It said: "Our bottom-up analysis of key projects, record presales ($763m) and commentary around accelerating momentum (sales velocity and price growth), combined with this early Q1 upgrade from a typically conservative management team suggests to us that there is further upside potential for FY26 (BPe now +17% NPAT growth) and FY27."
Newmont Corporation (ASX: NEM)
The Newmont Corporation share price is up over 4% to $126.28. Investors have been buying this gold miner's shares following a rebound in the gold price overnight. It isn't just Newmont shares that are rising today. Most ASX gold shares are climbing along with it. This has seen the S&P/ASX All Ords Gold index storm 3.9% higher today.
ResMed Inc (ASX: RMD)
The ResMed share price is up almost 2% to $39.55. This follows the release of the sleep disorder treatment company's quarterly update this morning. ResMed posted a 9% increase in revenue to US$1.3 billion and an 11% jump in net income to US$349 million. ResMed's chair and CEO, Mick Farrell, said: "We delivered 9% headline revenue growth year-over-year, with a very strong 280 basis points of non-GAAP gross margin expansion, resulting in double-digit bottom-line performance: 16% non-GAAP EPS growth. These results reinforce the success of our strategy to transform healthcare in the home with hardware, software and solutions that people love."
Titomic Ltd (ASX: TTT)
The Titomic share price is up 8% to 27 cents. This morning, this kinetic fusion cold spray technology company released its quarterly update. It reported customer receipts of $1.3 million but an operating cash outflow of $7.3 million. However, thanks to a share placement during the period, it ended with a cash balance of $46.8 million. Management expects its revenue to continue to grow quarter on quarter and is aiming to be cash flow break-even in 2027.
