Why Laybuy, Mesoblast, Sandfire, & Telix shares are charging higher

In afternoon trade the S&P/ASX 200 Index (ASX: XJO) has given back its morning gains and is dropping lower. The benchmark index is currently down 0.3% to 6,570.8 points.

Four shares that have not let that hold them back are listed below. Here’s why they are charging higher:

The Laybuy share price is up 1.5% to $1.42. Investors have been buying the buy now pay later provider’s shares after the release of its November update. According to the release, Laybuy achieved gross merchandise value (GMV) of NZ$71 million in November. This represents an increase of 56% on October’s GMV. It is also well ahead of management’s guidance for November GMV of NZ$61 million.

The Mesoblast share price has jumped 6% higher to $4.38. The…