In late morning trade the S&P/ASX 200 Index (ASX: XJO) has returned from the public holiday in a disappointing fashion. At the time of writing, the benchmark index is down 0.7% to 6,777.9 points.
Four ASX shares that have not let that hold them back are listed below. Here's why they are charging higher:
Booktopia Group Ltd (ASX: BKG)
The Booktopia share price has jumped over 11% to $2.95 following the release of its half year update. The online book retailer revealed that it had both a record month in December and a record half. Booktopia shipped a record 728,000 units during the final month of the year, bringing its total shipments to 4.2 million units for the half. This was a 40% increase on the same period last year. This led to a 52% increase in unaudited half year revenue to $113 million and a 506% increase in adjusted EBITDA to $8 million.
Nitro Software Ltd (ASX: NTO)
The Nitro share price has stormed 5.5% higher to $3.23. Investors have been buying the document productivity software company's shares following the release of a strong fourth quarter update. At the end of the quarter, Nitro's annualised recurring revenue (ARR) stood at US$27.7 million. This was up 64% on the prior corresponding period and ahead of its previously upgraded guidance of US$26 million to US$27 million.
Reliance Worldwide Corporation Ltd (ASX: RWC)
The Reliance share price has surged 8% higher to $4.43. The catalyst for this was the release of a half year update by the plumbing parts company. According to the release, Reliance has achieved net sales of $642 million for the six months, which is up 13% on the prior corresponding period. EBITDA is expected to be in the range of $164 million to $167 million, up at least 30% versus the same period last year.
Vulcan Energy Resources Ltd (ASX: VUL)
The Vulcan share price has jumped 13% to $8.22. Investors have been buying the clean lithium developer's shares after it refuted media speculation that it was planning to raise capital. Vulcan advised that it is undertaking a non-deal roadshow and has no immediate plans to launch a capital raising.
