The S&P/ASX 200 (Index: ^AJXO) (ASX: XJO) has followed the lead of international markets and is lower by 0.7% to 5,547 points in early afternoon trade.
There have been four shares in particular which have been going against the grain today and so far posted reasonably strong gains. Here's why:
Capitol Health Ltd (ASX: CAJ) has bounced back from yesterday's huge decline with a 4% gain to 13.5 cents. Yesterday the diagnostic imaging company's share price dropped as much as 20% following the release of its preliminary full year results which revealed that it expects to make a net loss before tax of $3.2 million. It would appear that some investors believe its shares were oversold yesterday and have been buying the dip. But with profits falling and its debt increasing, I would avoid this one as I believe a capital raising down the line is a possibility.
Capitol Health's share price has dropped 81% in the last 12 months.
Credit Corp Group Limited (ASX: CCP) shares are up over 7% to $14.45 after the debt collector and small loan provider revealed its full year results to the market. The company delivered net profit of $45.9 million on sales of $226.7 million for FY 2016. This was an excellent year-on-year increase of 20% and 19%, respectively. With management providing a very positive outlook for FY 2017, it's no surprise to see the share price rocket higher today.
Credit Corp shares are up 44% in 2016.
Helloworld Ltd (ASX: HLO) shares have jumped almost 5% to $3.32 despite there being no news out of the company today. A strong start to the week means its shares have now retraced almost all of Friday's inexplicable 6.5% decline. The current share price is still some way off the $4.01 price target Bell Potter placed on it at the start of July, which could make it an interesting long-term investment option.
Helloworld's share price has climbed 66% in the last three months.
Pepper Group Ltd (ASX: PEP) has continued its good start to the week with a gain of over 3% to $2.68 today. Investors appear to have reacted positively to Friday's announcement that it has formed a joint venture with Madrid-based Banco Popular to provide unsecured consumer loans in Spain. Although unsecured loans can be a risky area to operate in, it certainly could prove to be a boost to revenue growth if the company can make a success of it.
Pepper Group's share price is still down 23% in 2016.
