Why Coronado, Insignia, Netwealth, and Praemium shares are pushing higher today

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

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The S&P/ASX 200 Index (ASX: XJO) has failed to follow Wall Street's lead and is trading lower on Thursday. At the time of writing, the benchmark index is down 0.6% to 8,380.2 points.

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

Coronado Global Resources Inc (ASX: CRN)

The Coronado Global share price is up 6% to 75.2 cents. Investors have been buying the coal miner's shares following the release of its quarterly update. Coronado Global reported fourth quarter revenue of $558 million, bringing its full year revenue to $2,508 million. This led to the miner finishing the period with a strong cash balance of $340 million and available liquidity $468 million. Another positive was that its fourth quarter average mining costs per tonne sold was down 17% quarter on quarter to $97.30. Management notes that this is "a reflection of success delivered from the productivity improvement and cost reduction program at the Curragh Complex."

Insignia Financial Ltd (ASX: IFL)

The Insignia Financial share price is up almost 2% to $4.51. This morning, the financial services provider revealed that Bain Capital has improved its non-binding takeover offer for the company. It is now offering $4.60 per share, which is in line with what CC Capital has tabled. Insignia Financial has offered to provide Bain Capital with a limited period of access to certain non-public information on a non-exclusive basis.

Netwealth Group Ltd (ASX: NWL)

The Netwealth share price is up 2% to $29.98. This follows the release of the investment platform provider's quarterly update. Netwealth revealed record quarterly funds under administration (FUA) net inflows of $4.5 billion. This was an increase of 69.8% on the prior corresponding period. It also beats the previous record quarterly inflows of $4 billion achieved in the September 2024 quarter. In light of this, its FUA was $101.6 billion at the end of December. This is an increase of $23.6 billion or 30.2% for the year.

Praemium Ltd (ASX: PPS)

The Praemium share price is up 11.5% to 84.75 cents. Investors have also been buying this investment platform provider's shares following the release of its quarterly update. Praemium reported total FUA of $62.1 billion at the end of December. This represents a 29% increase year on year. Praemium CEO Anthony Wamsteker said: "The December quarter was noteworthy for the very well received launch of Spectrum, our next generation IDPS where we have a strong pipeline, and further improvement across most growth metrics from the previous quarter."

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

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