Why Codan, Evolution, Opthea, & People Infrastructure shares are charging higher

The S&P/ASX 200 Index (ASX: XJO) is on course to start the week with a decline. In late morning trade the benchmark index is down 0.15% to 6,757.4 points.

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

The Codan share price is up 2% to $15.28. Investors have been buying this metal detector company’s shares this morning after S&P Dow Jones Indices announced its inclusion in the ASX 200 at the next quarterly rebalance. Codan and five other companies will join the illustrious index next week on 22 March.

Evolution Mining Ltd (ASX: EVN)

The Evolution share price is up 3.5% to $4.09. The catalyst for this was the gold miner announcing a definitive agreement to…