Stocks and Finance

AMP, KGN, LOV WEB Shares: Why are these ASX shares up today?

The S&P/ASX 200 Index indicates a downward trend, heading towards ending the day in negative territory, down by 0.4% to 7,046 points. Amidst this decline, several ASX shares are experiencing notable increases, bucking the overall trend.

The current article highlights the declining performance of the S&P/ASX 200 Index and emphasizes the exceptional rise in specific ASX-listed shares despite the market’s overall downturn.

AMP Ltd (ASX: AMP) Share Price Surge

AMP’s share price surged by 6% to 90 cents as investors responded positively to the announcement of settling a class action that challenged AMP Financial Planning’s 2019 Buyer of Last Resort (BOLR) policy changes, resulting in a $100 million settlement. Ltd (ASX: KGN) Rising Share Price

Kogan’s share price increased by 3% to AU$4.75 following the company’s annual general meeting update, which showcased a return to year-on-year growth in gross sales during October, marking the first monthly sales growth since January 2022.

Lovisa Holdings Ltd (ASX: LOV) Share Price Uptick

Lovisa’s share price witnessed a 2% uptick to AU$18.64 after analysts at Morgan Stanley responded to the retailer’s trading update by maintaining their overweight rating and $25.25 price target, indicating a potential 35% upside for investors in the next 12 months.

Webjet Limited (ASX: WEB) Share Price Surge

Webjet experienced a 3% surge in its share price to AU$6.86 as investors reacted positively to its half-year results. Brokers, including Macquarie, retained an outperform rating and raised the price target to $8.37, suggesting a potential 22% upside for investors in the next 12 months.


Despite the S&P/ASX 200 Index’s downward trajectory, AMP,, Lovisa Holdings, and Webjet Limited displayed noteworthy share price surges due to specific developments and positive responses from analysts and investors.

One thought on “AMP, KGN, LOV WEB Shares: Why are these ASX shares up today?

Leave a Reply

Your email address will not be published. Required fields are marked *

© Coin Cryptoverse. | Powered by ProMyBiz.