The S&P/ASX 200 Index (ASX: XJO) is having a tough time on Thursday. In afternoon trade, the benchmark index is down 0.65% to 8,740.4 points.
Four ASX shares that are not letting that hold them back are listed below. Here's why they are rising:
Image source: Getty Images
Breville Group Ltd (ASX: BRG)
The Breville share price is up a further 4% to $31.80. Investors have been buying this appliance manufacturer's shares this week following the release of a bullish broker note out of Morgans. It has upgraded the company's shares to a buy rating with a $36.05 price target. The broker said: "We are encouraged by recent positive updates from peers who share key attributes with BRG, including strong new product innovation and geographic expansion (SharkNinja; SN-US), premium brand positioning (KitchenAid / Whirlpool; WHR-US) and growing coffee category exposure (both). We view recent weakness in BRG as an opportunity to build a position in a high-quality, well-managed business, with structural coffee tailwinds. Upgrade to BUY."
Flight Centre Travel Group Ltd (ASX: FLT)
The Flight Centre share price is up a further 4% to $12.76. This travel agent's shares have been rising this week following the release of a trading update at its annual general meeting. Commenting on its performance, Flight Centre's managing director, Graham Turner, said: "FY26 is off to a positive start, with first-quarter results and preliminary October trading data confirming momentum across both corporate and leisure segments." Turner also provided guidance for the full year, revealing that profit before tax is expected to be up 5.5% to 17.6% year on year.
Navigator Global Investments Ltd (ASX: NGI)
The Navigator Global Investments share price is up 6% to $3.07. This morning, this investment company released an investor day presentation. It spoke about its strategy that it expects to double its EBITDA to over US$200 million by 2030.
Regis Resources Ltd (ASX: RRL)
The Regis Resources share price is up 5.5% to $7.26. This follows the release of a resource update this morning. The gold miner revealed that the probable open-pit ore reserves at Buckingham-Wellington have increased to 251,000 ounces from the prior estimate of 128,000 ounces. The company's CEO, Jim Beyer, said: "The consolidation of the Buckingham and Wellington open pits is an opportunistic and disciplined response to the current gold price, allowing us to bring forward and produce profitable ounces while maintaining flexibility in our long-term plan."
