Why Afterpay, Nufarm, PolyNovo, & Sezzle shares are racing higher today

Afterpay Ltd (ASX:APT) and Nufarm Limited (ASX:NUF) shares are two of four racing notably higher on Wednesday. Here's why…

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The S&P/ASX 200 Index (ASX: XJO) is back in form at last on Wednesday and is charging notably higher. The benchmark index is currently up 1.8% to 5,888.6 points.

Four shares that have climbed more than most today are listed below. Here's why they are racing higher:

The Afterpay Ltd (ASX: APT) share price has stormed 4% higher to $79.71. Investors have been flooding into the tech sector on Wednesday after their U.S. counterparts stormed higher on Wall Street overnight. This has led to the S&P/ASX All Technology Index (ASX: XTX) charging a sizeable 2.8% higher at the time of writing.

The Nufarm Limited (ASX: NUF) share price has jumped 8% to $4.50 following the release of its full year results. Although the agricultural chemicals company reported a statutory net loss after tax of $456 million, its outlook has got investors excited. Nufarm advised that it is emerging from a period of sustained headwinds and positive momentum has continued with good revenue growth from continuing businesses in August.

The PolyNovo Ltd (ASX: PNV) share price is up 2.5% to $2.25. Investors have been buying the medical device company's shares after it provided an update on its European operations. PolyNovo advised that it has appointed Helsinki based Innova Medical Oy to sell its NovoSorb Biodegradable Temporising Matrix (BTM) product in Finland. NovoSorb BTM is a dermal scaffold for the regeneration of the dermis when lost through extensive surgery or burn. Management expects more European market entries in the near future.

The Sezzle Inc (ASX: SZL) share price has risen 5% to $6.81. This follows the announcement of a partnership with Ally Lending that will give Sezzle merchants and shoppers access to long term financing options. Management believes this complements its existing short-term, interest-free offering, without adding any balance sheet impact to Sezzle. Ally Lending provides monthly fixed-rate instalment-loan products that extend up to 60 months in length and US$40,000 per instalment plan.

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of POLYNOVO FPO. The Motley Fool Australia's parent company Motley Fool Holdings Inc. recommends Sezzle Inc. The Motley Fool Australia owns shares of AFTERPAY T FPO. The Motley Fool Australia has recommended Sezzle Inc. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Share Gainers

Unsure man analysing data on laptop.
Share Gainers

Here are the top 10 ASX 200 shares today

ASX investors endured a rough day of trading this Tuesday.

Read more »

A mature-aged couple high-five each other as they celebrate a financial win and early retirement
Share Gainers

Why this ASX 300 stock is soaring 12% after a disastrous year

This company has had a dramatic reversal of fortunes this Tuesday...

Read more »

A young woman wearing overalls and a yellow t-shirt kicks one leg in the air showing excitement over the latest ASX 200 shares to hit 52-week highs
Share Gainers

Why Core Lithium, Imugene, Lifestyle Communities, and Mineral Resources shares are charging higher

These shares are having a good session. What's going on?

Read more »

A young woman smiles as she rides a zip line high above the trees.
Share Gainers

4 ASX All Ords shares up 315% to 682% in a year!

Investors have sent these ASX All Ords shares flying higher. But why?

Read more »

Man standing on rock next to turquoise salt lagoon.
Share Gainers

Here are the top 10 ASX 200 shares today

Investors enjoyed a great start to the trading week today.

Read more »

Smiling couple looking at a phone at a bargain opportunity.
Share Gainers

Why Austal, Breville, Telix, and Westgold shares are pushing higher today

These shares are starting the week positively. But why?

Read more »

A couple sits on a sofa, each clutching their heads in horror and disbelief, while looking at a laptop screen.
Share Gainers

Here are the top 10 ASX 200 shares today

Investors endured a rough Friday to close the trading week today.

Read more »

Man drawing an upward line on a bar graph symbolising a rising share price.
Share Gainers

Why Pointsbet, Qantas, Serko, and Yandal shares are pushing higher today

These shares are avoiding the market selloff today. But why?

Read more »