The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) had a slow start to the week yesterday, but bounced back with a bang today. The index climbed 0.7% to 5,553 points thanks to notably strong performances from the healthcare and financial sectors.
There were a number of strong performers on the market today, none more so than these four shares which gave their shareholders something to smile about. Here's why they climbed:
Bellamy's Australia Ltd (ASX: BAL) shares have climbed higher for a fourth day in a row, this time by 5% to $14.94. Whilst today's rise comes without any news out of the company, yesterday's broker upgrade is likely to still be on the minds of investors. Yesterday Ord Minnett raised its price target on the organic infant formula manufacturer to $20.
Bellamy's share price has now risen 40% in the last three months.
Charter Hall Group (ASX: CHC) shares jumped over 3% to $5.69 after the property company released its full year results. Charter Hall reported a stunning 82.5% increase in profit for the full year, thanks largely to significant revaluations of its property. The company increased its dividend 11% to 26.9 cents, which equates to an unfranked 4.7% dividend.
Charter Hall's share price has risen 25% so far in 2016.
oOh!Media Ltd (ASX: OML) shares bounced back from yesterday's decline and finished the day up a huge 9% to $5.12 following the release of its half year results. The outdoor advertising business reported a 18.2% jump in revenue to $146.6 million, with earnings before interest, tax, depreciation and amortisation increasing at an even quicker rate of 32.7% to $26.8 million. With many fearing a guidance downgrade, shareholders will be pleased to learn that oOh!Media reaffirmed its full year EBITDA guidance of $68 million to $72 million.
oOh!Media are now up 8% year to date.
Vocus Communications Limited (ASX: VOC) shares climbed around 3% to $8.57 after it announced its stunning full year results to the market. The growing telecoms company posted staggering revenue growth of 454.6% to $830.8 million and net profit after tax growth of 222.9% to $64.1 million. In my opinion this result further emphasises just what a great long-term investment Vocus could be today.
Vocus shares have risen around 14% so far this year.
