In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to end the week with a small decline. The benchmark index is currently down 0.15% to 7,346.7 points.
Four ASX shares that are not letting that hold them back are listed below. Here's why they are rising:
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AMP Ltd (ASX: AMP)
The AMP share price is up a further 6% to $1.22. Investors have been buying this financial services company's shares since the release of its half-year results. AMP reported a 31% increase in revenue from continuing operations to $1,424 million and a 23.9% lift in underlying net profit after tax to $57 million.
Cettire Ltd (ASX: CTT)
The Cettire share price is up a further 5% to $3.30. As with AMP, investors have been buying this online luxury retailer's shares since it released its results. Cettire reported an 87% jump in gross revenue to $539.2 million and a profit of $15.97 million. Management also revealed that its sales more than doubled during the month of July. Not even news of a major founder selldown has stopped its shares from rising.
Nick Scali Limited (ASX: NCK)
The Nick Scali share price is up over 13% to $12.14. This morning, this furniture retailer released its FY 2023 results and reported a 15.1% increase in revenue to $507.7 million and a 26.1% lift in net profit after tax to $101.1 million. This allowed the company to increase its full-year dividend by 7.1% to 75 cents per share.
Star Entertainment Group Ltd (ASX: SGR)
The Star Entertainment share price is up 19% to $1.16. Investors have been buying this casino operator's shares after it announced an agreement with the NSW Treasurer in respect to a proposed increase in casino duty rates. The amendments are designed to deliver a sustainable outcome for Star and protect the jobs of thousands of team members.
