After a strong start to the day the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has given up its gains and followed Asian markets lower. In afternoon trade the benchmark index is down by around 0.1% to 5,400 points.
Four shares in particular haven't let that hold them back and have climbed significantly higher. Here's why:
AGL Energy Ltd (ASX: AGL) shares are up 5% to $18.63 following the release of two key announcements ahead of its annual general meeting. As well as advising that it expects underlying earnings to come in between 2.7% and 14.1% higher in FY 2017, management also revealed its plans to buy back around 5% of its shares and increase its dividend payout ratio to 75%.
BlueScope Steel Limited (ASX: BSL) shares have rebounded from yesterday's decline and are up almost 4% to $7.93 today. The steel manufacturer was one of a number of shares with exposure to the US economy which appeared to drop after Hillary Clinton was declared the winner of the first presidential debate. With two more debates to come, the next few weeks may be a volatile ride for shareholders.
Intueri Education Group Ltd (ASX: IQE) shares have bounced back from yesterday's steep decline with a 42% rise to 8.5 cents. Today's gains are the result of Intueri receiving a letter of support from Australia and New Zealand Banking Group (ASX: ANZ) following news yesterday that the embattled vocational education company may have the registrations of two of its subsidiaries cancelled. Management advised that ANZ will continue to work with Intueri to review its existing funding arrangements and restructure them if required.
WiseTech Global Ltd (ASX: WTC) shares have climbed over 3% to $5.52 despite there being no news out of the supply chain management software provider. Although it may be a little on the expensive side at 50x forecast FY 2017 earnings, I believe WiseTech has strong growth prospects that go some way to justifying the premium today.
