BLD, FPR, NHF: why these ASX-listed shares surged today? - Kalkine Media

November 14, 2023 05:52 PM AEDT | By Team Kalkine Media
Follow us on Google News:

Amidst a sluggish start for the S&P/ASX 200 Index this week, the index closed 0.83% up to 7,006.70 points. Several ASX-listed companies followed the trend and witnessing notable upticks in their share prices.

Here are three ASX shares making strides.

Boral Limited (ASX: BLD)

The Boral share price surged by 1.83% to close at AU$5.02 apiece following the building materials company's upgrade of its FY 2024 earnings guidance. Buoyed by a robust start to the financial year, Boral anticipates its earnings before interest and tax (EBIT) to fall within the $300 million to $330 million range, marking a substantial increase from the previous $270 million to $300 million projection. This revised guidance signals a remarkable 36% year-on-year growth.

Fleetpartners Group Ltd (ASX: FPR)

Fleetpartners witnessed a 3.70% surge in its share price to AU$2.80 following the release of its FY 2023 results. The fleet management company, previously known as Eclipx, reported a 21% decrease in net profit after tax and amortisation to $88 million, attributing the decline to the normalization of COVID-19 related tailwinds.

NIB Holdings Limited (ASX: NHF)

NIB's share price climbed 1.07% to close at AU$7.55 after Citi upgraded the private health insurer's shares to a buy rating with a price target of $8.35. This positive movement comes on the heels of the company's quarterly update, which showcased promising growth in its arhi division compared to the previous year, as well as steady momentum in iihi and NZ segments. Citi expressed optimism, stating, "With arhi reporting stronger growth than at this stage a year ago and decent momentum in iihi and NZ, we believe nib looks attractive."

Despite the broader market's lackluster performance, these three ASX-listed companies are riding on positive developments and outlooks, showcasing resilience and investor confidence amidst the prevailing market weakness.


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.



Top ASX Listed Companies

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. OK