In late morning trade the S&P/ASX 200 Index (ASX: XJO) is on course to record another solid gain. At the time of writing, the benchmark index is up 0.5% to 6,904.2 points.
Four ASX shares that are climbing more than most today are listed below. Here's why they are charging higher:
BHP Group Ltd (ASX: BHP)
The BHP share price is up 2.5% to $46.88 following the release of its half year results. For the six months ended 31 December, the Big Australian reported a 15% increase in revenue to US$25.64 billion and a 21% jump in underlying EBITDA to US$14.7 billion. This led to the mining giant declaring an interim dividend of US$1.01 per share (~A$1.30 per share), which was up 55% on the prior corresponding period.
Codan Limited (ASX: CDA)
The Codan share price has jumped 6.5% to $13.23. Investors have been buying the electronics products company's shares following the announcement of an acquisition. Codan has entered into an agreement to acquire Domo Tactical Communications (DTC) from a private equity company. DTC is an established technology provider for high bandwidth wireless communications with specialist capabilities in MIMO Mesh networks. The company will pay US$88 million (A$114 million) upfront.
Seven West Media Ltd (ASX: SWM)
The Seven West Media share price has jumped 17% to 58.5 cents. Investors have been buying the media company's shares after it announced a letter of understanding in relation to a long term partnership with Google. The agreement will see Seven West Media provide news content to the Google Showcase product which launched in Australia in early February.
Zip Co Ltd (ASX: Z1P)
The Zip share price has continued its incredible run and is up a further 12% to $14.17. This is despite there being no news out of the buy now pay later provider. Investors have been fighting to get hold of the company's shares on the belief that they are undervalued in comparison to its peers. In addition, the prospect of a secondary listing in the United States has gone down well with investors.
