Why CBA, Computershare, Dicker Data, and Temple & Webster shares are on fire today

These ASX shares are on fire on Wednesday…

| More on:
Concept image of a man in a suit with his chest on fire.

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

The S&P/ASX 200 Index (ASX: XJO) is having another positive day. In afternoon trade, the benchmark index is up 0.4% to 7,214.3 points.

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

Commonwealth Bank of Australia (ASX: CBA)

The Commonwealth Bank share price is up 5.5% to $99.55. This follows the release of the banking giant's half year results. Australia's largest bank delivered a 23% increase in cash earnings to $4,746 million, which was well-ahead of expectations. In addition, CBA is returning significant capital to investors. It has declared a $1.75 per share interim dividend and announced a $2 billion on-market share buyback.

Computershare Limited (ASX: CPU)

The Computershare share price has jumped 13% to $22.54. Investors have been buying the stock transfer company's shares after its first half update impressed the market. Computershare reported a 4.6% increase in management revenue to US$1.2 billion and a 4.5% lift in management earnings per share to 22.76 US cents. In light of this strong half, the company has upgraded its full year earnings per share growth guidance from 2% to 9%.

Dicker Data Ltd (ASX: DDR)

The Dicker Data share price is up 8% to $14.66. This follows the release of a dividend announcement from the leading IT distributor. According to the release, Dicker Data will pay a final fully franked dividend of 15 cents per share for FY 2021. This brings its full year dividend to 42 cents per share, which is up 27% year on year.

Temple & Webster Group Ltd (ASX: TPW)

The Temple & Webster share price has jumped 11% to $8.96. Investors have been buying the online furniture retailer's shares after it delivered a 46% increase in revenue to $235 million during the first half. And while the company reported a 40% decline in profit to $7.3 million, this was largely expected given its planned increased investment to fuel its growth.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns and has recommended Dicker Data Limited and Temple & Webster Group Ltd. The Motley Fool Australia owns and has recommended Dicker Data Limited. The Motley Fool Australia has recommended Temple & Webster Group Ltd. 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

The ASX 200 hit another new record this Thursday.

Read more »

Man pointing at a blue rising share price graph.
Share Gainers

2 ASX 200 shares surging over 9% on big news

These ASX 200 shares are leading the market with very strong share price gains today.

Read more »

a young woman raises her hands in joyful celebration as she sits at her computer in a home environment.
Share Gainers

Why Lotus Resources, Opthea, Qoria, and Sims shares are charging higher today

These shares are catching the eye on Thursday. But why?

Read more »

woman using affirm to pay
BNPL shares

Why Zip shares could still offer 'significant opportunity for growth'

Up 779% in a year, this top fund manager thinks Zip shares can continue to grow.

Read more »

A man holding a cup of coffee puts his thumb up and smiles while at laptop.
Share Gainers

These 4 ASX All Ords shares are up 302% to 693% in a year!

Are you lucky enough to own any of these stocks?

Read more »

Hands reaching high for a trophy with a sunset in the background.
Share Gainers

Here are the top 10 ASX 200 shares today

The ASX managed to snatch a slight rise this Wednesday.

Read more »

A young male ASX investor raises his clenched fists in excitement because of rising ASX share prices today
Share Gainers

Why Austal, Core Lithium, Origin Energy, and Sayona Mining shares are storming higher today

These shares are having a strong session on hump day. But why?

Read more »

A neon sign says 'Top Ten'.
Share Gainers

Here are the top 10 ASX 200 shares today

It was another day, and another record high for the ASX 200 this Tuesday.

Read more »