The S&P/ASX 200 Index (ASX: XJO) is back on form on Thursday and charging higher. At the time of writing, the benchmark index is up 0.3% to 8,831 points.
Four ASX shares that are rising more than most today are listed below. Here's why they are climbing:
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Aeris Resources Ltd (ASX: AIS)
The Aeris Resources share price is up 6.5% to 41 cents. This morning, the copper miner announced that it has received the net proceeds from its $80 million placement. A portion of the proceeds has now been applied to fully repay the and cancel the $50 million (drawn to $40 million) loan facility with Washington H. Soul Pattison (ASX: SOL). The early repayment is expected to save an estimated $6 million in interest and associated fees.
Amcor (ASX: AMC)
The Amcor share price is up 5% to $12.78. This follows the release of the packaging company's quarterly update. Amcor reported a 68% jump in net sales to US$5,745 million and a 92% increase in adjusted EBITDA to US$909 million. This was the first full quarter following the transformational acquisition of Berry Global, which completed in late April. Amcor's CEO, Peter Konieczny, said: "We are now seeing the quality of the combined business as the global leader in consumer packaging and dispensing solutions for nutrition, health, beauty and wellness. We are gaining traction with synergy realization, including commercial synergies, and have solid pipelines which continue to grow."
Light & Wonder Inc (ASX: LNW)
The Light & Wonder share price is up 10% to $126.82. Investors have been buying the gaming technology company's shares following the release of its quarterly update. Light & Wonder posted a 3% increase in revenue to $841 million and a 25% jump in net profit before amortisation to $153 million. The company's President and Chief Executive Officer, Matt Wilson, said: "Our R&D engine continues to deliver world-class content, reflected in another strong quarter for Gaming operations and record iGaming performance. We are reinvesting in the business to drive long-term sustained growth, as evidenced by the number and quality of new games and hardware showcased at this year's G2E."
Magnetic Resources (ASX: MAU)
The Magnetic Resources share price is up 4% to $1.24. This morning, this mineral exploration company released further drilling results. The release notes that the latest drilling is interpreted to be a new further northern fourth core zone or represents a further northern extension of the High-Grade Core 3.
