It's been a topsy-turvy day for local investors who watched the sharemarket plunge earlier in the session, only to recover and then fall once again. The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) peaked above 5,600 points but has since fallen nearly 0.2% to trade at 5,577 points. The ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) is also down 0.2%.
Despite the market's undecidedness, these four stocks are enjoying particularly strong performances today…
Slater & Gordon Limited (ASX: SGH) managed to defy the market's bad mood with its shares lifting 2.3% to $3.55, after hitting an intraday high of $3.65. Although investors still seem reluctant to buy back into the once high-flying legal eagle they may see value at the stock's current level.
Greencross Limited (ASX: GXL) is another stock that has retreated from its intraday high although it has still risen a respectable 2.6% for the session. Greencross' shares have taken a belting over the last 12 months and certainly look to have become oversold. Although the stock recently dipped below $5 per unit, they could still be a great pickup at their current price of $6.04.
Nine Entertainment Co Holdings Ltd (ASX: NEC) rose as much as 5.1% but has since retreated to be sitting 2.6% higher for the day. While its news segments and hit show The Voice have been performing well in the ratings recently, today's gain could also have been caused by investors looking to pick up the network's shares at a low historical price. Indeed, although there are strong headwinds facing the free-to-air networks, Nine's shares have been hovering around record lows this month which may have attracted some contrarian investors.
Tissue Therapies Limited (ASX: TIS) has surged a remarkable 19.3% to trade at 6.8 cents after hitting a high of 7 cents earlier in the day. The micro-cap biomedical group announced this morning that it would seek approval from the US Food and Drug Administration and the European Medicines Agency as part of its new strategy to develop VitroGro ECM as a pharmaceutical for wound healing.
