Business
Why Flight Centre, Qantas, ResApp, & Volpara are racing higher
In late morning trade the S&P/ASX 200 Index (ASX: XJO) has given back its early gains and is tumbling lower. At the time of writing, the benchmark index is down 0.2% to 6,699.7 points.
Four ASX shares that are not letting that hold them back are listed below. Here’s why they are racing higher:
Flight Centre Travel Group Ltd (ASX: FLT)
The Flight Centre share price has jumped 8% to $19.26. Investors have been buying Flight Centre and other travel shares after the Federal Government announced a major stimulus package to support the domestic tourism sector. The government is planning to introduce a $1.2 billion package that would see certain regional domestic airline tickets cut by 50%.
Qantas Airways Limited (ASX: QAN)
The Qantas…
-
Noosa News23 hours agoQueensland weather forecast sees sunny weather for last week of winter
-
Business21 hours agoWhy the Betashares Nasdaq 100 ETF could be a perfect buy and hold pick
-
Business22 hours agoDoes Macquarie rate BHP shares a buy after its FY25 results?
-
General17 hours agoMigrants raise concerns over Australia’s English tests for visa applicants