Why Bank of Queensland, Imugene, Webjet, and Zip shares are pushing higher

These ASX shares are on form today…
The post Why Bank of Queensland, Imugene, Webjet, and Zip shares are pushing higher appeared first on The Motley Fool Australia. –

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a solid gain. At the time of writing, the benchmark index is up 0.4% to 7,245.1 points.

Four ASX shares that are climbing more than most today are listed below. Here’s why they are pushing higher:

Bank of Queensland Limited (ASX: BOQ)

The Bank of Queensland share price is up 4.5% to $7.94. This follows the release of a trading update ahead of its annual general meeting. That update shows that the bank’s growth momentum has continued throughout the first quarter of FY 2022, with strong application volumes across both the housing and business lending portfolios.

Imugene Limited (ASX: IMU)

The Imugene share price is up 5% to 49.8 cents. This follows the release of an update on its Phase I clinical trial of Oncolytic Virotherapy CHECKvacc. According to the release, the company has dosed its second patient with triple-negative breast cancer (TNBC) at the City of Hope cancer research centre in Los Angeles.

Webjet Limited (ASX: WEB)

The Webjet share price is up 3.5% to $5.51. This gain appears to have been driven by optimism that the Omicron variant of COVID-19 won’t be as bad as first feared. This would be good news for travel markets, which the new variant threatened to derail.

Zip Co Ltd (ASX: Z1P)

The Zip share price is up 8% to $4.65 after releasing an update on its performance in November. The buy now pay later provider was on form again last month, delivering record monthly transaction volume of $906.5 million. This represents an increase of 52% or $310.5 million over the prior corresponding period and annualises at over $10 billion. Zip advised that this was underpinned by an 86% lift in transaction numbers to a record of 7.5 million and a 71% jump in customer numbers to 9.2 million.

The post Why Bank of Queensland, Imugene, Webjet, and Zip shares are pushing higher appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of August 16th 2021

More reading

Why is the Webjet (ASX:WEB) share price flying 4% higher today?

Imugene share price (ASX:IMU) pops 5% in cancer trial update

Here’s why ASX 200 travel shares are taking off today

Why the Bank of Queensland (ASX:BOQ) share price is racing 5% higher today

ASX 200 (ASX:XJO) midday update: Zip update impresses, BOQ rises

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended ZIPCOLTD FPO. The Motley Fool Australia has recommended Webjet Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;

To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.

An active and funded account with a positive trading balance is required to continue to have access to the tools;

Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;

Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!