Why these 4 ASX shares have posted solid gains today

The St Barbara Ltd (ASX:SBM) share price is one of four climbing notably higher today. Here's what you need to know…

| More on:
a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

After yesterday's sharp decline, the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has bounced back strongly and is up 0.6% to 5,699 points in afternoon trade.

Four shares which have made notably strong gains today are listed below. Here's why they are higher:

The Alexium International Group Ltd (ASX: AJX) share price has climbed almost 9% to 56 cents after the specialty chemicals company announced extremely strong demand from the mattress industry for its Alexicool product. I think Alexium is a very interesting company and one to watch. You can learn more about it through this article.

The MG Unit Trust (ASX: MGC) share price is up 3% to 62.5 cents. This morning Murray Goulburn increased its Southern Milk Region opening price and 2017/18 Farmgate Milk Price range. The company has revised the opening price to $5.20 per kilo of milk solids in order to assist in maintaining competitiveness and support the supplier base.

The Oliver's Real Food Ltd (ASX: OLI) share price is up 8% to 26 cents. The organic fast food company hit the ASX boards yesterday with a listing price of 20 cents and has now gained 30%. At one stage today its shares reached as high as 36 cents. If the company lives up to its prospectus forecasts, I feel it could prove to be a good investment.

The St Barbara Ltd (ASX: SBM) share price has climbed 4% to $2.90. The majority of Australia's gold miners have edged higher today following a slight rise in the gold price. At present the spot gold price is fetching US$1,252 an ounce, up almost 1% from yesterday's low.

Motley Fool contributor James Mickleboro has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on ⏸️ Investing

Close up of baby looking puzzled
Retail Shares

What has happened to the Baby Bunting (ASX:BBN) share price this year?

It's been a volatile year so far for the Aussie nursery retailer. We take a closer look

Read more »

woman holds sign saying 'we need change' at climate change protest
ETFs

3 ASX ETFs that invest in companies fighting climate change

If you want to shift some of your investments into more ethical companies, exchange-traded funds can offer a good option

Read more »

a jewellery store attendant stands at a cabinet displaying opulent necklaces and earrings featuring diamonds and precious stones.
⏸️ Investing

The Michael Hill (ASX: MHJ) share price poised for growth

Investors will be keeping an eye on the Michael Hill International Limited (ASX: MHJ) share price today. The keen interest…

Read more »

ASX shares buy unstoppable asx share price represented by man in superman cape pointing skyward
⏸️ Investing

The Atomos (ASX:AMS) share price is up 15% in a week

The Atomos (ASX: AMS) share price has surged 15% this week. Let's look at what's ahead as the company build…

Read more »

Two people in suits arm wrestle on a black and white chess board.
Retail Shares

How does the Temple & Webster (ASX:TPW) share price stack up against Nick Scali (ASX:NCK)?

How does the Temple & Webster (ASX: TPW) share price stack up against rival furniture retailer Nick Scali Limited (ASX:…

Read more »

A medical researcher works on a bichip, indicating share price movement in ASX tech companies
Healthcare Shares

The Aroa (ASX:ARX) share price has surged 60% since its IPO

The Aroa (ASX:ARX) share price has surged 60% since the Polynovo (ASX: PNV) competitor listed on the ASX in July.…

Read more »

asx investor daydreaming about US shares
⏸️ How to Invest

How to buy US shares from Australia right now

If you have been wondering how to buy US shares from Australia to gain exposure from the highly topical market,…

Read more »

⏸️ Investing

Why Fox (NASDAQ:FOX) might hurt News Corp (ASX:NWS) shareholders

News Corporation (ASX: NWS) might be facing some existential threats from its American cousins over the riots on 6 January

Read more »