In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to start the week with a decline. At the time of writing, the benchmark index is down 0.7% to 8,683.2 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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Dyno Nobel Ltd (ASX: DNL)
The Dyno Nobel share price is up 10% to $3.66. Investors have been buying the explosives manufacturer's shares following the release of a strong half-year result. The company revealed that net profit after tax excluding individually material items increased 83.3% to $160.9 million. This allowed the Dyno Nobel board to increase its interim dividend by 91.7% to 4.6 cents per share. Commenting on the result, the company's CEO, Mauro Neves, said: "1H26 marks the beginning of a new era for Dyno Nobel as we concluded our separation from the Fertilisers business and move forward as a pureplay global explosives leader."
Inghams Group Ltd (ASX: ING)
The Inghams share price is up 5% to $1.78. This follows the release of a trading update from the poultry producer which revealed that volumes were up 1.1% for the first nine months of FY 2026. As a result, management has reaffirmed its guidance for underlying EBITDA of $180 million to $200 million. Inghams' CEO and managing director, Ed Alexander, said: "We are seeing improved operational performance and positive momentum from initiatives already delivered, while reaffirming our FY26 guidance in a challenging environment."
Metcash Ltd (ASX: MTS)
The Metcash share price is up 6% to $2.90. This is in response to the release of a trading update from the wholesale distributor this morning. Metcash revealed that it expects to report revenue growth of 0.7% for FY 2026 with underlying net profit after tax in the region of $268 million to $270 million. Looking ahead, management advised that its ongoing cost initiatives are targeting at least ~$25 million in annualised savings in FY 2027. Metcash's CEO, Doug Jones, said: "We have delivered a solid result supported by the resilience of our Food and Liquor businesses, our diversified portfolio and disciplined execution."
Strike Energy Ltd (ASX: STX)
The Strike Energy share price is up 4.5% to 11.5 cents. This morning, the energy company announced the exit of its CEO, Peter Stokes. He will be replaced by Shelley Robertson, effective 1 June. The release notes that Ms Robertson is a highly respected and influential leader in the Australian resource and energy sector. She was previously the chief operating officer at Fortescue Ltd (ASX: FMG).
