The benchmark S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has started the week slowly and in afternoon trade finds itself in the red and lower by 0.1% to 5,858 points.
Four shares which have bucked the trend and climbed higher today are listed below. Here's why they have started the week strongly:
The Eden Innovations Ltd (ASX: EDE) share price has rocketed 14% to 32.5 cents today following the release of two positive announcements. The innovative clean energy company advised that its EdenCrete carbon nanotube enriched liquid concrete admixture has been approved by two more Department of Transports in the United States.
The Nearmap Ltd (ASX: NEA) share price has risen 2% to 56 cents. The aerial imagery company's shares have now gained over 30% since the release of a positive market update in the middle of last week. That update revealed that so far in the third quarter of FY 2017 the company is on track to post its strongest trading quarter year-to-date. I think Nearmap is worth taking a closer look at today.
The Quintis Ltd (ASX: QIN) share price has defied short sellers and is up almost 3.5% to $1.07. The shares of the sandalwood plantation manager have been on a rollercoaster ride recently after a U.S. short seller alleged the company's business model was a Ponzi-scheme. Its managing director has now quit and is believed to be looking into a possible takeover.
The Whitehaven Coal Ltd (ASX: WHC) share price is up almost 2.5% to $3.06 despite there being no news out of the coal miner. Today's gain is likely to be attributable to a rise in coal prices. Possible supply disruptions as a result of Cyclone Debbie have sent thermal coal prices higher in the last few days.
