Business
Why Accent, AMP, De Grey, & Nuix shares are charging higher
In early afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to end the week with a small daily decline. At the time of writing, the benchmark index is down 0.15% to 7,045.6 points.
Four ASX shares that are not letting that hold them back are listed below. Here’s why they are charging higher:
The Accent share price has jumped 6.5% to $2.77. The catalyst for this was news that the retailer has signed an agreement to acquire Glue Store and the wholesale and distribution brands of Next Athleisure for a cash consideration of $13 million. Glue Store operates a network of 21 stores and an integrated online site, with around 500,000 loyalty program members. It currently generates annual sales of approximately $90 million,…
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