Why these four ASX shares closed higher: ABY, CAT, HLS, RMS

2 min read | November 27, 2023 06:07 PM AEDT | By Team Kalkine Media

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Why these four ASX shares closed higher: ABY, CAT, HLS, RMS — Image source: Nokwan007

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S&P/ASX200 closed lower on the first day of this week, dropping 53.20 points or 0.76% to 6,987.60. However, the below mentioned ASX shares exhibited a strong start to the week. Here's why they rose:

Adore Beauty Group Ltd (ASX: ABY)

The Adore Beauty share price has surged by over 19% to AU$1.115. The online beauty retailer recently disclosed that it received and turned down a takeover offer from UK competitor THG plc (LSE:THG), with the Adore Beauty board deeming the proposal undervalued at AU$1.25 to AU$1.30 cash per share.

Catapult Group International Ltd (ASX:CAT)

Despite no specific news from the sports analytics company, the Catapult share price has risen by ~12% to AU$1.27. Analysts at Bell Potter responded positively to Catapult's half-year results earlier this month, assigning a buy rating and a AU$1.35 price target to its shares.

Healius Ltd (ASX:HLS)

The Healius share price has climbed by 2.3% to AU$1.33 following the announcement of the healthcare company's chair, Jenny Macdonald, stepping down this week. Macdonald emphasised the importance of a chair with full shareholder support, prompting her decision to resign.

Ramelius Resources Ltd (ASX:RMS)

Ramelius Resources’ share price traded up 3.9% to AU$1.585 as investors showed interest in gold miners on Monday, spurred by a rise in the gold price. Consequently, the S&P/ASX All Ordinaries Gold index is outperforming today with a 1% gain.

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