In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a decline. The benchmark index is down 0.3% to 8,901.5 points.
Four ASX shares that are not letting that hold them back are listed below. Here's why they are rising:
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Amcor (ASX: AMC)
The Amcor share price is up 6% to $69.30. This morning, analysts at Morgans responded positively to the packaging giant's quarterly update. It has retained its buy rating with a slightly trimmed price target of $75.80. It said: "Following the renegotiation of several customer contracts on better terms, segment performance should improve in 2H26. AMC also noted that discussions around portfolio optimisation are progressing well, and we view any future announcement in this area as a potential positive catalyst for the stock."
Lovisa Holdings Ltd (ASX: LOV)
The Lovisa share price is up 4.5% to $32.19. This may have been driven by a broker note out of Citi. According to the note, the broker has retained its buy rating and $38.45 price target on this fashion jewellery retailer's shares. Citi expects Lovisa to deliver sales growth ahead of consensus estimates during the first half of FY 2026.
Regal Partners Ltd (ASX: RPL)
The Regal Partners share price is up 5% to $3.06. Investors have been buying the fund manager's shares after it announced an on-market buyback program of up to $75 million. It stated: "The decision to implement a buy-back program reflects the strength of the RPL balance sheet and the continued delivery of operating cash flows and demonstrates the Board's and management's confidence in RPL's outlook for continued profitable growth. The Board believes that a buy-back program is appropriate as part of its overall capital management strategy and remains focused on maximising shareholder returns, whilst preserving balance sheet strength and ensuring that RPL maintains the ability to pursue strategic growth opportunities."
SKS Technologies Group Ltd (ASX: SKS)
The SKS Technologies share price is up over 10% to $3.90. This morning, this electrical technologies and digital infrastructure specialist announced two big contract wins. This has led to SKS upgrading its revenue guidance to $340 million (from $320 million) and net profit before tax guidance to $34 million (from $28.8 million). The company's CEO, Matthew Jinks, commented: "The revised outlook is based on a combination of new contract awards, a further record level of $325 million of work on hand, and a realistic confidence in future conversions from pipeline to contract award."
