In afternoon commerce, the S&P/ASX 200 Index (ASX: XJO) is on kind once more and charging larger. On the time of writing, the benchmark index is up 0.8% to 7,051.7 factors.

4 ASX shares which are climbing greater than most in the present day are listed under. Right here’s why they’re racing larger:

The Deep Yellow share value is up an extra 13% to 86.5 cents. This uranium explorer’s shares have been on hearth this week. This seems to have been pushed by studies that Japan is contemplating constructing new nuclear vegetation to stabilise its vitality provide. This is able to possible be a giant enhance to demand for uranium.

The IDP Schooling share value is up 6% to $28.50. This follows the discharge of a robust full yr end result from the language testing and scholar placement firm. IDP reported a 50% improve in income to $793 million and a 159% soar in internet revenue after tax to $102.6 million. This was pushed by file IELTS testing volumes and file scholar placements.

The Pendal share value is up 8% to $5.27. Traders have been scrambling to purchase this fund supervisor’s shares after it obtained one other takeover strategy from rival Perpetual Restricted (ASX: PPT). The latter has provided one Perpetual share for each 7.5 Pendal shares owned and $1.976 per share. This equated to a suggestion of $6.54 per share on the time. Although, the Perpetual share value has sunk on the information, reducing the worth of the supply.

Qantas Airways Restricted (ASX: QAN)

The Qantas share value is up 6% to $4.81. Traders have been shopping for this airline operator’s shares following the discharge of its full yr outcomes for FY 2022. Though, as anticipated, the corporate reported a major loss, it stunned the market with a $400 million share buyback.