AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
On Tuesday, the S&P/ASX 200 Index (ASX: XJO) is experiencing another positive session, with the benchmark index up 0.2% to 8,136.2 points. Among the ASX shares making notable gains today are Adairs Ltd, Chalice Mining Ltd, New Hope Corporation Ltd, and Platinum Asset Management LtdThis includes several ASX growth stocksHere’s a closer look at what’s driving these shares higher:
Adairs Ltd (ASX:ADH)
Adairs Ltd shares have risen 4% to $1.82The increase follows the announcement of Elle Roseby as the new CEORoseby brings a wealth of experience to the role, having previously served as the managing director of Country Road and Trenery, which are part of South Africa-based Woolworths HoldingsHer extensive background includes leadership positions at Cotton On Group, Sportsgirl, and Myer Holdings Ltd (ASX:MYR)Investors are responding positively to the appointment, reflecting confidence in her ability to lead Adairs to new heights.
Chalice Mining Ltd (ASX:CHN)
Chalice Mining Ltd has seen its share price climb 8% to $1.33This boost comes after the company received Strategic Project status for its 100%-owned Gonneville ProjectThe designation, awarded by the Premier of Western Australia and Minister for State and Industry Development, Hon Roger Cook MLA, underscores the project's strategic significance and its potential economic and energy transition benefits for the regionThis formal recognition is fueling optimism about Chalice Mining's future prospects.
New Hope Corporation Ltd (ASX:NHC)
New Hope Corporation Ltd shares are up 3% to $4.38The rise follows the release of the coal miner’s full-year resultsDespite experiencing significant declines in sales, profits, and dividends—reporting a 34.6% decrease in revenue to $1.8 billion and a 56.2% drop in net profit after tax to $475.9 million—the results were better than some market expectationsThe positive market reaction suggests that investors found the results less troubling than anticipated, particularly given the backdrop of weaker coal prices offsetting strong production growth.
Platinum Asset Management Ltd (ASX:PTM)
Platinum Asset Management Ltd shares have surged 12% to $1.11This increase follows a takeover offer from Regal Partners Ltd (ASX:RPL)Regal has proposed an all-scrip offer of 90.42 cents per share, along with a special 24 cents per share fully franked dividendThe total offer value of approximately $1.1442 per share represents a premium of 15.6% over the closing price of Platinum shares from the previous sessionThe board of Platinum is currently reviewing the proposal, but it has cautioned that there is no guarantee that the discussions will progress or that Regal Partners will be granted due diligence access.
While the S&P/ASX 200 Index continues to show positive movement, these four shares—Adairs Ltd, Chalice Mining Ltd, New Hope Corporation Ltd, and Platinum Asset Management Ltd—are outperforming the marketThe gains reflect a range of factors, including leadership changes, strategic project recognitions, earnings results, and takeover offers, all contributing to the strong performance of these stocks.
