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Why Eagers Auto, Mayne Pharma, Monadelphous, & Newcrest are pushing higher




In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to end a positive week on an underwhelming note. At the time of writing, the benchmark index is down 0.25% to 7,041.5 points.

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

Eagers Automotive Ltd (ASX: APE)

The Eagers Automotive share price is up 3% to $15.58 following the release of a first quarter update. According to the release, the auto retailer expects to report an underlying operating profit before tax of around $98 million for the quarter. This is more than double the underlying operating profit before tax of $40.3 million it recorded in the entire first half of FY 2020.

Mayne Pharma Group Ltd

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