The S&P/ASX 200 Index (ASX: XJO) is on course to record another gain. In afternoon trade, the benchmark index is up 0.25% to 8,556.4 points.
Four ASX shares that are rising more than most today are listed below. Here's why they are storming higher:
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ASX Ltd (ASX: ASX)
The ASX share price is up 6% to $67.05. Investors have been buying the stock exchange operator's shares following the release of its half year results. ASX reported a 5.9% increase in operating revenue to $541.9 million. Things were even better for its earnings, with the company reporting a 10.1% increase in EBIT to $253.7 million. This allowed its board to lift its interim dividend by 9.9% to 111.2 cents per share.
Domain Holdings Australia Ltd (ASX: DHG)
The Domain share price is up 11% to $3.03. This has been driven by the release of a strong half year result from the property listings company. Domain posted a 7.4% increase in revenue to $217.2 million and a 13.8% jump in EBITDA to $77.8 million. And on the very bottom line, the company's net profit after tax jumped 28.3% to $33.1 million. Domain CEO, Jason Pellegrino, said: "During the first half, Domain made pleasing progress with our Marketplace strategy, delivering positive metrics across the business."
Ora Banda Mining Ltd (ASX: OBM)
The Ora Banda Mining share price is up almost 5% to 97 cents. This morning, this gold miner released an update on drilling activities at Riverina. According to the release, Riverina Underground drilling confirms the continuity of high-grade gold mineralisation over 300m below the current mine plan. Ora Banda's managing director, Luke Creagh, said: "The significant results that are flowing from deeper drilling at Riverina Underground are nothing short of remarkable and point to a future step change for the business as we can now see through to a multi-year expansion in mine life."
Temple & Webster Group Ltd (ASX: TPW)
The Temple & Webster share price is up 14% to $16.25. The catalyst for this has been the release of an impressive half year result from the online furniture and homewares retailer. Temple & Webster reported a 23.6% increase in revenue to $313.7 million and a 118% jump in net profit after tax to $9 million. The company's CEO, Mark Coulter, said: "Temple & Webster has again delivered a record half, with strong performance against all key metrics, against a challenging macro and consumer backdrop."
