Business
Why ARB, Mesoblast, Pushpay, & Super Retail shares are racing higher
In morning trade the S&P/ASX 200 Index (ASX: XJO) has defied the weakness on Wall Street and is edging higher. The benchmark index is currently up 0.1% to 6,703.4 points.
Four shares that are climbing more than most today are listed below. Here’s why they are racing higher:
ARB Corporation Limited (ASX: ARB)
The ARB share price is up 5.5% to $33.42. Investors have been buying the 4×4 accessories company’s shares following the release of its guidance for the first half. Based on preliminary and unaudited management accounts, ARB expects to report a 21.6% increase in sales to $284 million and profit before tax of $70 million to $72 million. While its profits include $9.8 million of non-recurring government assistance, even…
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