Why Janus Henderson, Mineral Resources, Telix, & Western Areas are rising

These ASX shares are on form on Friday…

| More on:
stock market gaining

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

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to end the week on a subdued note. At the time of writing, the benchmark index is down 0.1% to 7,408.1 points.

Four ASX shares that are not letting that hold them back are listed below. Here's why they are pushing higher:

Janus Henderson Group CDI (ASX: JHG)

The Janus Henderson share price has jumped 7% to $57.50. The catalyst for this was the release of the fund manager's second quarter update after the market close yesterday. Janus Henderson was on form during the quarter and almost doubled its operating profit. It also announced a US$200 million share buyback.

Mineral Resources Limited (ASX: MIN)

The Mineral Resources share price is up 2.5% to $64.93. Investors have been buying the mining and mining services company's shares following its fourth quarter update. That update revealed a record 5.2 million wet metric tonnes (wmt) of iron ore shipments during the June quarter. This represents a quarter-on-quarter increase of 27%. This led to Mineral Resources delivering a 23% increase in full year iron ore shipments to a record 17.3 million wmt.

Telix Pharmaceuticals Ltd (ASX: TLX)

The Telix share price has climbed 4.5% to $5.58. This follows news that Telix has received authorisation from the Belgian Agence Fédérale de Contrôle Nucléaire to begin the build-out of a state-of-the art radiopharmaceutical production facility that will ultimately serve as its primary EU manufacturing site. Management believes the authorisation represents a significant milestone for Telix.

Western Areas Ltd (ASX: WSA)

The Western Areas share price is up 4% to $2.62. Investors have been buying the nickel producer's shares following the release of its guidance for FY 2022 and its 10-year production outlook. The latter reveals how Western Areas plans to grow its production over the next decade despite the Forrestania operation coming to the end of its life during FY 2025.

Motley Fool contributor James Mickleboro owns shares of TELIXPHARM DEF SET. The Motley Fool Australia's parent company Motley Fool Holdings Inc. 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

Young girl drinking milk showing off muscles.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a great end to the trading week for ASX investors today.

Read more »

A man sits thoughtfully on the couch with a laptop on his lap.
Share Gainers

3 ASX 200 stocks smashing the benchmark this week

These three ASX 200 stocks are leading the charge this week. Here’s how.

Read more »

A young woman holding her phone smiles broadly and looks excited, after receiving good news.
Share Gainers

Why A2 Milk, EOS, GQG, and Mineral Resources shares are racing higher today

These shares are ending the week strongly. But why?

Read more »

A man wearing a red jacket and mountain hiking clothes stands at the top of a mountain peak and looks out over countless mountain ranges.
Share Gainers

Here are the top 10 ASX 200 shares today

It was another disappointing day for ASX investors this Thursday.

Read more »

two men smiling with a laptop in front of them, symbolising a rising share price.
Share Gainers

Why Pinnacle, PWR, Race Oncology, and Vulcan shares are flying today

These shares are having a good session on Thursday. But why?

Read more »

A beautiful woman holds up one finger with one hand and has her hand on her waist with the other as she smiles widely as though she is very pleased about something.
Share Gainers

Why Boss Energy, Emeco, Mineral Resources, and Plenti shares are pushing higher today

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

Read more »

Three small children reach up to hold a toy rocket high above their heads in a green field with a blue sky above them.
Share Gainers

3 ASX 300 shares going gangbusters on Wednesday

Investors are bidding up these three ASX 300 shares today. But why?

Read more »

Man raising both his arms in the air with a piggy bank on his lap, symbolising a record high.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a huge Tuesday for ASX shares, with the index resetting its record high.

Read more »