Why Challenger, Helloworld, Lake Resources and Strike Energy charge more

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In the afternoon discussions, the S&P/ASX 200 Index (ASX:XJO) has followed the lead of US markets and is on course for a significant decline. As of this writing, the benchmark is down 0.6% to 7,333 points.

Four ASX shares that do not retain them are listed below. Here’s why they charge more:

Challenger stock price is up 1.5% at $6.70 after the appointment of its new CEO. According to the statement, the annuity company has hired from within, promoting Nick Hamilton to the top job. Mr. Hamilton has been Managing Director of Challenger’s fund management business since 2019.

Helloworld Travel Ltd (ASX:HLO)

Helloworld stock price is up 5% at $2.41. This morning, the travel company announced the sale of its business travel and entertainment businesses in Australia and New Zealand to Business Travel Management Ltd (ASX: CTD) for $175 million. This includes $100 million in cash and $75 million in Corporate Travel Management stock.

Lake Resources’ share price rose 2% to 85 cents following the release of an update on drilling at its Kachi Lithium Brine project. According to the statement, new drilling reinforces earlier results, supporting the potential expansion of future production to 50,000 tonnes per year of lithium carbonate equivalent.

Strike Energy’s stock price is up 5.5% at 19 cents. This follows the release of an update on his Haber project. According to the statement, the strategic importance of the Haber project for the national economy has been recognized at both state and federal levels. This helped the project gain lead agency status from the Western Australian government and a $2 million grant from the Federal Government under the Supply Chain Resilience Initiative.

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