Four ASX Shares Surged on ASX : Here's Why

November 09, 2023 04:20 PM AEDT | By Team Kalkine Media
 Four ASX Shares Surged on ASX : Here's Why
Image source: © Solarseven | Megapixl.com

Thursday has seen a surge in activity on the ASX, with the S&P/ASX 200 Index poised for substantial gains. As of the latest update, the benchmark index has climbed 0.6% to reach 7,037.5 points, reflecting positive market sentiment.

Four ASX-listed companies have particularly stood out today, each with its own compelling reason for the upward momentum:

  1. Imugene Limited (ASX:IMU)

Imugene's share price has soared by over 23% to reach 10 cents, marking an impressive 130% increase since this time last week. This surge can be attributed to positive results from the Phase 1 MAST (Metastatic Advanced Solid Tumours) trial. The trial evaluates the safety and efficacy of the CF33-hNIS (VAXINIA).

  1. Lottery Corporation Ltd (ASX:TLC)

The Lottery Corporation's share price has seen a 1.5% uptick, reaching $4.66. Investors are flocking to acquire shares in this lottery operator following an upgrade by analysts at Macquarie. The broker has elevated its rating to "outperform" and set a price target of $4.95, based on valuation considerations.

  1. Orica Ltd (ASX:ORI)

Orica's share price has surged by 4% to $15.63. The commercial explosives and blasting systems provider shared its full-year results today. The company reported a notable 12% increase in sales revenue, totaling $7,945.3 million. Additionally, EBIT from continuing operations saw an impressive 24% surge to $698.1 million. The company also declared a final dividend of AU$0.25 per share.

  1. Sayona Mining Ltd (ASX:SYA)

Sayona Mining's share price has experienced a 4% boost, reaching 90.5 cents. The lithium miner has released an update on comprehensive five-pillar strategy. The strategy encompasses optimizing operations, expanding the resource base, asset development, downstream integration, and exploration of strategic partnerships. Interim CEO James Brown expressed confidence in the strategy, emphasizing its potential to create substantial long-term value for stakeholders.

Conclusion

These four ASX-listed companies have demonstrated exceptional performance on Thursday, attracting significant investor attention. Imugene Limited, Lottery Corporation Ltd, Orica Ltd, and Sayona Mining Ltd have each presented compelling reasons for their respective surges. The market's positive response to their developments underscores the dynamism and potential within these sectors.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.


AU_advertise

Advertise your brand on Kalkine Media

Sponsored Articles


Investing Ideas

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.