KAR, KGN and NST: Three ASX shares trading on green on Wednesday

2 min read | January 24, 2024 05:11 PM AEDT | By Team Kalkine Media

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KAR, KGN and NST: Three ASX shares trading on green on Wednesday — Image source: Lemonsoup14

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On 24 January 2024, the S&P/ASX 200 Index increased to 7,519.20 points. While the overall market is experiencing a decline, there are standout ASX shares showcasing remarkable resilience. This article sheds light on three such shares that are defying the prevailing market trends.

Karoon Energy Ltd (ASX: KAR)

Karoon Energy's share price is on the rise, climbing 7% to AU$1.91 apiece. Goldman Sachs analysts recommend buying the energy producer's shares, giving it a buy rating and an AU$2.41 price target.

Kogan.com Ltd (ASX: KGN)

Kogan.com is experiencing a significant uptick, with its share price soaring by 14.87% to AU$5.02 apiece. Investors are bullish on Kogan.com’s share after it shared its first-half update. Despite a 5.6% decline in sales to AU$445.4 million, Kogan.com's gross profit surged by 42.1% to AU$89.5 million, courtesy of margin expansion. Adjusted EBIT is anticipated to reach AU$14 million, a stark improvement from a loss of AU$12.7 million.

Northern Star Resources Ltd (ASX: NST)

Northern Star Resources is up by 6.04% to AU$12.81 following the release of December 2023 quarterly update. The gold miner reported the sale of 412,000 ounces of gold at an AISC of AU$1,824 per ounce. The company is on track to meet its guidance in FY24 of selling 1.6 million to 1.75 million ounces at an AISC of AU$1,730-AU$1,790 per ounce.

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