CTT, DXI and PLS: Three ASX stocks marking notable gain

2 min read | February 07, 2024 04:25 PM AEDT | By Team Kalkine Media

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CTT, DXI and PLS: Three ASX stocks marking notable gain — Image source: © Solarseven | Megapixl.com

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In the dynamic landscape of the Australian Securities Exchange (ASX), certain stocks are making waves. As of the latest market update, the S&P/ASX 200 Index is experiencing a notable 0.47% gain on 7 February 2024, reaching 7,617.6 points. Let's delve into the details of three ASX shares that are outshining the rest in today's session.

Cettire Ltd (ASX: CTT)

The Cettire share price has soared by an impressive 27.44% to AU$4.04 apiece at 3:34 PM AEDT, capturing the attention of investors. This surge follows the release of Cettire's half-year results, revealing a staggering 90% increase in gross revenue, reaching AU$460.5 million. Additionally, adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) witnessed a substantial 56% boost, reaching $26.1 million.

Dexus Industria REIT (ASX:DXI)

Dexus Industria, an industrial property company, demonstrates a robust performance with a nearly 3.60% rise in share price, reaching AU$2.88 apiece. The company's half-year results report a commendable 7.3% growth in like-for-like income. Management expresses confidence in achieving FY24 guidance, projecting a Fund From Operations (FFO) of 17.1 cents per share and distributions of 16.4 cents per share.

Pilbara Minerals Ltd (ASX: PLS)

Pilbara Minerals takes the spotlight with a 5.18% surge in share price, reaching AU$3.56. The catalyst for this increase is the news of the lithium miner extending its agreement with Chengxin Lithium Group, a China-based lithium converter. The extended agreement outlines the supply of an additional 60,000 tonnes of spodumene concentrate in 2024, totaling 85,000 tonnes. Furthermore, Pilbara Minerals commits to supplying 150,000 tonnes annually for both 2025 and 2026.

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