Why AMP, Boral, Rhipe, & Zoono shares are pushing higher

AMP Ltd (ASX:AMP) and Boral Limited (ASX:BLD) shares are two of four pushing higher on Thursday. Here's why they are on form…

| More on:
A happy woman raises her face in celebration, indicating positive share price movement on the ASX

Image source: Getty Images

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

It has been a volatile day, but in late morning trade the S&P/ASX 200 Index (ASX: XJO) is on course to start the month with a gain. At the time of writing, the benchmark index is up 0.2% to 6,805.4 points.

Four ASX shares that are climbing more than most today are listed below. Here's why they are pushing higher:

AMP Ltd (ASX: AMP)

The AMP share price is up 4.5% to $1.32. This follows the announcement of the exit of its CEO Francesco De Ferrari. Mr De Ferrari will be replaced by Alexis George from Australia and New Zealand Banking GrpLtd (ASX: ANZ). Ms George is the Deputy CEO at ANZ and was previously the Group Executive Wealth Australia. She oversaw the sale of the latter business in 2018. The new CEO will join the company in the third quarter of 2021.

Boral Limited (ASX: BLD)

The Boral share price has jumped 6% to $5.82. This morning the building products company announced the completion of the sale of its 50% share in the USG Boral joint venture to Gebr Knauf KG. Boral has commanded a price of US$1.015 billion (A$1.33 billion) for the business. While some of the proceeds will be used to pay down debt, a good portion will go towards a share buyback for up to 10% of its issued capital.

Rhipe Ltd (ASX: RHP)

The Rhipe share price has surged 7% higher to $1.67. Investors have been buying the cloud and technology solutions provider's shares after it announced agreements to acquire EMT Distribution (Australia) and EMT Distribution (Singapore) for $11 million in cash. EMT is an Australian headquartered cyber security distribution specialist. It focuses on sourcing innovative security software vendors and working with channel partners to deliver both on-premise and cloud-based security solutions.

Zoono Group Ltd (ASX: ZNO)

The Zoono share price has rocketed 31% higher to 78.5 cents following the release of a company update. This morning the biotech company announced that its flagship product, Zoono Microbe Shield, has now been successfully tested against the Human Coronavirus 229E and now meets the US EPA Standard ASTM E1053.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Share Gainers

The silhouettes of ten people holding hands with their arms raised against the sky, as the sun rises or sets in the background.
Share Gainers

Here are the top 10 ASX 200 shares today

Investors panicked when the latest inflation figures came out today.

Read more »

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

Why Mac Copper, Pro Medicus, Web Travel, and Yancoal shares are pushing higher today

These shares are having a good time on hump day. But why?

Read more »

Silhouettes of nine people climbing a steep mountain to the top at sunset, and helping each other along the way.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a pleasant Tuesday session for ASX investors today.

Read more »

Excited group of friends sitting on sofa watching sports on TV and celebrating.
Share Gainers

Why Boss Energy, Neuren, Strickland, and Vulcan shares are pushing higher today

These shares are having a better day than most today. But why?

Read more »

Woman holding gold bar and cheering.
Gold

Up 200% in 2025, guess which ASX gold stock is surging 11% again today

Investors are sending the ASX gold stock soaring again today. But why?

Read more »

Man with backpack spreading his arms out and soaking in the sun.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a volatile start to the week for the ASX share market...

Read more »

Rising share price chart.
Share Gainers

Why Canyon Resources, Nufarm, Paladin Energy, and WiseTech shares are charging higher today

These shares are starting the week on a positive note. But why?

Read more »

Man with rocket wings which have flames coming out of them.
Gold

Guess which ASX gold stock just rocketed 167% on big news!

Investors are sending the ASX gold stock flying higher on Monday. Let’s find out why.

Read more »