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In the afternoon trade, the S & P / ASX 200 Index (ASX: XJO) has followed the lead of the US markets and is on course for a significant decline. As of this writing, the benchmark is down 0.6% to 7,333 points.
Four ASX actions that don’t hold them back are listed below. Here’s why they charge higher:
The Challenger share price is up 1.5% to $ 6.70 after the appointment of its new CEO. According to the statement, the annuity company hired internally, promoting Nick Hamilton to the top position. Mr. Hamilton has been Managing Director of Challenger’s fund management business since 2019.
Helloworld Travel Ltd (ASX: HLO)
The Helloworld share price is up 5% to $ 2.41. This morning, the travel agency announced the sale of its Australia and New Zealand business travel and entertainment businesses to Corporate Travel Management Ltd (ASX: CTD) for $ 175 million. This includes $ 100 million in cash and $ 75 million in Corporate Travel Management shares.
Lake Resources’ stock price rose 2% to 85 cents after the release of an update on drilling at its Kachi Lithium Brine project. According to the statement, new drilling bolsters earlier results, supporting the potential expansion of future production to 50,000 tonnes per year of lithium carbonate equivalent.
The Strike Energy share price is up 5.5% to 19 cents. This follows the release of an update on his Haber project. According to the statement, the strategic importance of the Haber project to the national economy has been recognized at both state and federal levels. This saw the project awarded lead agency status for the Government of Western Australia and a $ 2 million grant from the federal government under the Supply Chain Resilience Initiative.