Why Janus Henderson, Mineral Resources, Telix, & Western Areas are rising

These ASX shares are on form on Friday…
The post Why Janus Henderson, Mineral Resources, Telix, & Western Areas are rising appeared first on The Motley Fool Australia. –

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to end the week on a subdued note. At the time of writing, the benchmark index is down 0.1% to 7,408.1 points.

Four ASX shares that are not letting that hold them back are listed below. Here’s why they are pushing higher:

Janus Henderson Group CDI (ASX: JHG)

The Janus Henderson share price has jumped 7% to $57.50. The catalyst for this was the release of the fund manager’s second quarter update after the market close yesterday. Janus Henderson was on form during the quarter and almost doubled its operating profit. It also announced a US$200 million share buyback.

Mineral Resources Limited (ASX: MIN)

The Mineral Resources share price is up 2.5% to $64.93. Investors have been buying the mining and mining services company’s shares following its fourth quarter update. That update revealed a record 5.2 million wet metric tonnes (wmt) of iron ore shipments during the June quarter. This represents a quarter-on-quarter increase of 27%. This led to Mineral Resources delivering a 23% increase in full year iron ore shipments to a record 17.3 million wmt.

Telix Pharmaceuticals Ltd (ASX: TLX)

The Telix share price has climbed 4.5% to $5.58. This follows news that Telix has received authorisation from the Belgian Agence Fédérale de Contrôle Nucléaire to begin the build-out of a state-of-the art radiopharmaceutical production facility that will ultimately serve as its primary EU manufacturing site. Management believes the authorisation represents a significant milestone for Telix.

Western Areas Ltd (ASX: WSA)

The Western Areas share price is up 4% to $2.62. Investors have been buying the nickel producer’s shares following the release of its guidance for FY 2022 and its 10-year production outlook. The latter reveals how Western Areas plans to grow its production over the next decade despite the Forrestania operation coming to the end of its life during FY 2025.

The post Why Janus Henderson, Mineral Resources, Telix, & Western Areas are rising appeared first on The Motley Fool Australia.

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More reading

ASX 200 midday update: NAB’s $2.5bn buyback, Origin shares sink

Here’s why the Western Areas (ASX:WSA) share price is storming higher
Mineral Resources (ASX:MIN) share price hits another record high after quarterly update
Janus Henderson (ASX:JHG) share price jumps 9% to multi-year high
5 things to watch on the ASX 200 on Friday

Motley Fool contributor James Mickleboro owns shares of TELIXPHARM DEF SET. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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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