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Tuesday, January 31, 2023

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Why Dexus, Nightfall, Macquarie, and Qantas shares are pushing larger


A happy group of workers around a table raise their arms in the air as though celebrating a work achievement. One woman is on her feet with her arm raised in the air in a fist-pumping action.

Picture supply: Getty Pictures

In afternoon commerce, the S&P/ASX 200 Index (ASX: XJO) is heading in the right direction to finish the week with a small decline. On the time of writing, the benchmark index is down a fraction to six,841.Eight factors.

4 ASX shares that haven’t let that maintain them again are listed under. Right here’s why they’re pushing larger:

DEXUS Property Group (ASX: DXS)

The Dexus share worth is up 1% to $8.55. This afternoon the corporate confirmed that regardless of some administration adjustments at AMP Restricted (ASX: AMP), the acquisition of its actual property and home infrastructure fairness enterprise will go forward. It’s now anticipated to finish by November for $20 million lower than beforehand suggested.

Nightfall Group Ltd (ASX: DSK)

The Nightfall share worth is up nearly 7% to $2.36. This follows the discharge of the specialty retailer’s full 12 months outcomes for FY 2022. Nightfall reported a 6.9% decline in income to $138.four million and a 31.3% drop in web revenue after tax to $18.four million. This was seen as an honest final result contemplating the corporate misplaced 24% of its retailer buying and selling days because of COVID-19 impacts.

Macquarie Group Ltd (ASX: MQG)

The Macquarie share worth is up 2% to $177.98. This seems to have been pushed by a dealer observe out of Morgan Stanley this morning. In response to the observe, the dealer has retained its obese ranking and lifted its worth goal to $231.00. It has upgraded its earnings estimates for FY 2023 to mirror beneficial buying and selling situations.

Qantas Airways Restricted (ASX: QAN)

The Qantas share worth is up 1.5% to $5.28. That is regardless of there being no information out of the airline operator right this moment. Nonetheless, its shares have been on a roll just lately following a constructive replace out of a journey reserving firm. As well as, oil costs have pulled again materially this week, which might assist ease Qantas’ gasoline prices.



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