Which ASX shares are making a move on the ASX 300?

The ASX 300 is backtracking…
The post Which ASX shares are making a move on the ASX 300? appeared first on The Motley Fool Australia. –

The S&P/ASX 300 Index (ASX: XKO) is dragging lower on Wednesday, following three consecutive days of gains.

During mid-afternoon trade, the ASX 300 is down 0.35% to 7,506.5 points.

Let’s take a look at which ASX companies are making headlines today.

Novonix Ltd (ASX: NVX)

The Novonix share price is up 9.74% to $5.41, after racing to a record high of $5.57 during midday trade.

With no news coming out of the lithium company, it appears investors are buoyant on its prospects.

Just last week, S&P Dow Jones announced changes in the S&P/ASX Indices. As such, Novonix will be officially included in the ASX 300 Index prior to the market open on September 20.

Washington H Soul Pattinson & Co Ltd (ASX: SOL)

The Soul Patts share price is also pushing ahead on Wednesday, up 4.94% to $37.99. This is also a new record high for the company’s shares.

The Australian investment house released a trading update earlier this week, revealing robust growth across its portfolio. The news is having a positive effect with Soul Patts shares up almost 7% so far this week.

Macquarie Group Ltd (ASX: MQG)

Another significant mover today is the Macquarie share price, advancing 4.87% to $179.44.

The investment bank provided a first-half update to the short-term outlook statement given at its late July Annual General Meeting.

Macquarie noted several reasons as to why it expects weaker earnings in the H1 FY22 period. This didn’t appear to faze investors, however, as the company’s shares were on a tear in the morning to an all-time high of $182.66.

Which ASX companies are heading the other way?

St Barbara Ltd (ASX: SBM)

The St Barbara share price is down 6.60% to $1.457. Investors are selling the gold miner’s shares after the spot price of gold fell heavily overnight before rebounding slightly. Its peers, Newcrest Mining Ltd (ASX: NCM) and Northern Star Resources Ltd (ASX: NST), are also down, 2.86% and 5.08%, respectively.

Eagers Automotive Ltd (ASX: APE)

Also being weighed down by investors today is the Eagers Automotive share price, down 6.52% to $16.21.

With no news out of the automotive retailer, its shares appear to be taking a breather after reaching a record high of $17.67 yesterday. Over the past year, the company’s share price is up roughly 80%.

The post Which ASX shares are making a move on the ASX 300? appeared first on The Motley Fool Australia.

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More reading

Why A2 Milk, Flight Centre, Medibank, & St Barbara shares are dropping

Why Aeris Resources, Macquarie, Novonix, & Qube shares are pushing higher

ASX 200 midday update: Macquarie jumps, gold miners sink

Dividends galore! 10 ASX shares trading ex-dividend on Wednesday

Macquarie (ASX:MQG) share price gains 6% despite lower second half forecast

Motley Fool contributor Aaron Teboneras owns shares of Northern Star Resources Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Macquarie Group Limited and Washington H. Soul Pattinson and Company Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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