The (ASX: XJO) is on course to start the year with a decent gain. At the time of writing, the benchmark index is up 0.4% to 8,192.
9 points. Four ASX shares that are rising more than most today are listed below. Here's why they are climbing: ( ) The Brainchip share price is up a further 10% to 43 cents.
This semiconductor company's shares have been on fire over the holiday period despite there being no news out of it. The gains have been so strong that the Australian stock exchange operator issued a speeding ticket to find out what was going on. Brainchip was unable to explain the share price gains.
It will be interesting to see if these share price gains can be maintained once the holiday period ends, institutional investors return, and Brainchip releases its next quarterly update. ( ) The Fortescue share price is up 2.5% to $18.
72. Investors have been buying miners on Thursday possibly on the belief that they were oversold in 2024. As a result, both the energy and materials sectors are roaring higher today and acting as the main drivers of the ASX 200 index's gain.
Fortescue shares remain down 36% since this time last year. ( ) The Mesoblast share price is up 5% to $3.27.
Investors have been fighting to get hold of this biotechnology company's shares during the last couple of weeks thanks to the of one of its stem cell therapies. The US FDA approved its Ryoncil (remestemcel-L) product as the first mesenchymal stromal cell (MSC) therapy in the United States. Ryoncil is also t.
