Why Origin, Santos, Service Stream, and WiseTech shares are racing higher

These ASX shares are making their shareholders smile on Wednesday…

| More on:
a young woman raises her hands in joyful celebration as she sits at her computer in a home environment.

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) has followed Wall Street's lead and taken a tumble on Wednesday. In afternoon trade, the benchmark index is down 0.3% to 7,314.1 points.

Four ASX shares that aren't letting that hold them back today are listed below. Here's why they are charging higher:

Origin Energy Ltd (ASX: ORG)

The Origin share price is up 13% to $7.91. This follows the release of an update on the takeover approach by a consortium comprising Brookfield Asset Management and MidOcean. Although the consortium has dropped its offer by 10 cents to $8.90 per share, this has come as a big relief to investors. There had been concerns that the consortium was going to walk away from talks.

Santos Ltd (ASX: STO)

The Santos share price is up 3.5% to $7.05. This follows the release of the energy producer's full-year results. Santos reported a 65% increase in revenue to US$7.8 billion and a 160% jump in underlying profit to US$2.5 billion. The latter was actually a touch short of expectations, but that hasn't stopped investors snapping up shares today.

Service Stream Ltd (ASX: SSM)

The Service Stream share price is up 9% to 65 cents. Investors have been buying this essential network service provider's shares after the release of its half-year results. Service Stream reported a 75.5% increase in revenue to $993.6 million and a 40.1% lift in underlying EBITDA to $55 million. This was driven by strong growth across all of its segments.

WiseTech Global Ltd (ASX: WTC)

The WiseTech share price has rebounded from a poor start and is up 4% to $58.17. This morning, this logistics solutions company reported a 35% jump in half-year revenue to $378.2 million and a 40% jump in underlying net profit after tax to $108.5 million. And while it has trimmed its full-year earnings guidance, it is still expected to be 19% to 29%.

Should you invest $1,000 in Cynata Therapeutics Limited right now?

Before you buy Cynata Therapeutics Limited shares, consider this:

Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and Cynata Therapeutics Limited wasn't one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

And right now, Scott thinks there are 5 stocks that may be better buys...

See The 5 Stocks *Returns as of 30 April 2025

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. has positions in and has recommended WiseTech Global. The Motley Fool Australia has positions in and has recommended WiseTech Global. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Share Gainers

A woman's hand draws a stylised 'Top Ten' on a projected surface.
Share Gainers

Here are the top 10 ASX 200 shares today

ASX shares returned to positive territory this Tuesday.

Read more »

Overjoyed man celebrating success with yes gesture after getting some good news on mobile.
Share Gainers

Why Breville, Clarity, EOS, and TechnologyOne shares are racing higher today

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

Read more »

Person pretends to types on laptop drawn in sand.
Share Gainers

Here are the top 10 ASX 200 shares today

ASX investors had a rough start to the week today.

Read more »

A person in a gorilla suit leaps really high holding a banana, nearly doing the splits.
Share Gainers

Up 1,238% in a year, why is this ASX gold stock surging again on Monday?

The ASX gold stock is now well into ten-bagger range and still rising fast today.

Read more »

A happy investor sits at his desk in front of his laptop and does the mexican wave with his arms to celebrate the returns from his ASX dividend shares
Share Gainers

Why EOS, Gorilla Gold, Lendlease, and OFX shares are charging higher today

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

Read more »

A woman in a business suit sits at her desk with gold bars in each hand while she kisses one bar with her eyes closed. Her desk has another three gold bars stacked in front of her. symbolising the rising Northern Star share price
Gold

How this ASX All Ords gold stock turned $10,000 into $78,740 in just one year

The ASX All Ords gold miner has raced higher over the year. Let’s find out how.

Read more »

Ten happy friends leaping in the air outdoors.
Share Gainers

Here are the top 10 ASX 200 shares today

Investors enjoyed a happy end to the trading week this Friday.

Read more »

A woman wearing yellow smiles and drinks coffee while on laptop.
Bank Shares

CBA shares top $170. Where to now?

Another day, another record high for CBA shares.

Read more »