In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record another gain. At the time of writing, the benchmark index is up 0.6% to 7,223 points.
Four ASX shares that are climbing more than most today are listed below. Here's why they are pushing higher:
Calix Ltd (ASX: CXL)
The Calix share price is up 5% to $5.23. This morning the environmental technology company announced that it has signed an agreement with global building materials company, CEMEX. The two parties will work together to decarbonise the construction value chain through new Carbon Capture, Utilisation, and Storage (CCUS) projects.
Chalice Mining Ltd (ASX: CHN)
The Chalice Mining share price is up 6% to $4.94. Investors have been buying this mineral exploration company's shares following the release of a drilling update from the Julimar project. According to the release, recent drilling demonstrates the potential for material resource growth at Julimar, with several outstanding new intersections up to 650 metres beyond the current resource.
Qantas Airways Limited (ASX: QAN)
The Qantas share price is up 5% to $6.18. This morning the airline operator surprised the market with a guidance upgrade just over a month after last upgrading it. Management expects the airline to post an underlying profit before tax of between $1.35 billion and $1.45 billion for the half. This represents a $150 million increase to the guidance range given in October.
Whitehaven Coal Ltd (ASX: WHC)
The Whitehaven Coal share price has continued its positive run and is up a further 4.5% to $9.53. Investors have continued to buy coal miners on Wednesday. This may be on the belief that they are still cheap at current levels based on sky high coal prices. The Whitehaven Coal share price is up almost 250% in 2022.
