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In late morning trade the S&P/ASX 200 Index (ASX: XJO) is on course to record a disappointing decline. At the time of writing the benchmark index is down 0.6% to 5,919.6 points.
Four shares that are not letting that hold them back are listed below. Here's why they are pushing higher:
The De Grey Mining Limited (ASX: DEG) share price has jumped over 7% to $1.53. Earlier this week the gold-focused mineral exploration company announced the completion of its $100 million capital raising. The proceeds from the placement will be used to fund ongoing extension and definition drilling of the Hemi discovery, testing of mineralised intrusions close to Hemi, and early stage project de-risking studies. Investors appear confident De Grey is sitting atop a world class asset.
The Scentre Group (ASX: SCG) share price is up 3% to $2.34. This morning the shopping centre operator announced that it has priced a US$3 billion (A$4.1 billion) subordinated hybrid note issue in the United States market. In light of this, Scentre now has sufficient long-term liquidity to cover all debt maturities to early 2024.
The Splitit Ltd (ASX: SPT) share price is up 2.5% to $1.59. This morning the buy now pay later provider announced a partnership with professional services payment provider QuickFee Ltd (ASX: QFE). The deal will allow clients of accounting and law firms in the US and Australia to pay their fees on credit cards using Splitit's instalment solution. QuickFee processed more than US$300 million worth of payments in FY 2020.
The Temple & Webster Group Ltd (ASX: TPW) share price has pushed 3% higher to $10.18. This is despite there being no news out of the online furniture and homewares retailer today. However, with Kogan.com Ltd (ASX: KGN) releasing an update on Wednesday and revealing exceptionally strong growth in August, investors may believe that Temple & Webster's positive form has also continued early in FY 2021.
