The Santa rally has rolled on for another day, sending the S&P/ASX 200 (Index: ^AXJO) (ASX:XJO) to its highest level for the year. At the time of writing, the main index was trading 0.55% higher to 5,622 points.
The materials and energy sectors have rebounded from yesterday's lacklustre performance, with strong performances also coming from the gold, property and utilities sectors.
Five shares that have seen strong share price gains today, include:
Capitol Health Ltd (ASX: CAJ)
After gaining 13% yesterday, shares of Capitol Health have gained another 15% today. It comes after the diagnostic imaging company announced that it expects to generate more revenue in the second half of FY17 as a result of the government deciding to defer changes to bulk-billing incentives until July 2017.
Bega Cheese Ltd (ASX: BGA)
Shares of Bega Cheese have climbed more than 3% today after the dairy company moved to ease investors concerns by re-affirming its recently issued earnings guidance. Bega Cheese is a key supplier to Bellamy's Australia Ltd (ASX: BAL) which is now in an extended trading halt, pending negotiations with its suppliers. Despite today's bounce, Bega Cheese's shares have fallen 46% since the start of the year.
a2 Milk Company Ltd (Australia) (ASX: A2M)
Shares of a2 Milk have spiked more than 7.1% today after the company confirmed it is still experiencing strong trading conditions. The shares have been under pressure since Bellamy's went into a trading halt more than a week ago, but today's announcement suggests Bellamy's issues may not be impacting the entire infant formula sector.
Mayne Pharma Group Ltd (ASX: MYX)
Shares of Mayne Pharma have climbed more than 5.6% today, despite no further updates regarding the company's anti-competitive lawsuit. It appears some investors believe the recent sell-off may have been overdone and value investors could be stepping up to the plate.
Iluka Resources Limited (ASX: ILU)
Iluka Resources shares climbed 4.7% today, despite the absence of any news from the mineral sands company. Investors have been warming to the company over the past few weeks after it became apparent its merger with Sierra Rutile Limited would go ahead. The recent surge in the iron ore price has also helped the company's share price as the market prices in higher earnings from its Mining Area C royalties.