4 more stocks zooming higher on the ASX today

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has had a horror day – as expected – closing down 2.2% at 5,219.6 points. 19 of the top 20 stocks fell into the red – some by as much as 5%.

Every sector ended in the red, with the S&P/ASX All Ords Gold (Index: ^AXGD) (ASX: XGD) down 3.9% as gold miners were hammered. Resources stocks weren’t too far behind, with the S&P/ASX 300 Metal and Mining (Index: ^AXMM) (ASX: XMM) sinking 3.7%.

However, despite appearances, some stocks still managed to post positive gains. Here’s four of them…

Metro Performance Glass Ltd (ASX: MPP) soared 6.3% to $2.12, despite no announcements from the company today. Metro Performance is a New Zealand-based company supplying customised glass products across the country. The company recently announced the acquisition of Australian Glass Group for A$43 million which will add around A$45 million in sales and earnings before interest, tax, depreciation and amortisation (EBITDA) of A$8 million annually. Looks like some Australian investors are starting to take notice.

Gtn Ltd (ASX: GTN) gained 6.1% to $3.13. The company offers customers an advertising platform via traffic reports delivered to radio stations and is a fairly recent IPO. Formerly called Global Traffic Network, the company recently reported an 8% increase in pro forma revenues to $166.1 million and a 50% increase in earnings per share compared to FY2015. The company also reaffirmed its prospectus forecasts for FY2017 – with earnings expected to soar once again. One for further research I think.

APN Property Group Ltd. (ASX: APD) share price rose 4.4% to 60 cents. The real estate investment manager has been speculated to be involved in a potential deal to own the underlying property of Puma Energy’s Australian petrol stations recently – indicating the specialist nature of the property group. The group now has 13 different funds holding 45 properties, but shares look unattractive based on a premium price to net tangible assets, a high P/E ratio and a distribution yield of just 2.9%.

zipMoney Ltd (ASX: ZML) saw its share price jump 3.6% to 72.5 cents and the share price has now doubled since February. zipMoney is a payments provider also offering a “buy it now, pay later” service and says it has more than 50,000 customers and ~2,000 merchant locations. The company recently announced the acquisition of Pocketbook – a personal financial management app with over 250,000 users, which some investors obviously appear to consider a very smart acquisition.


3 Rotten Shares to Sell, and 1 to Buy Today

After a double-digit rally for the ASX since 2016 lows, investors should be on high alert. You'll find a full rundown below of 3 shares we think you should avoid today plus one top pick worth buying, even if the market turns south and the RBA keeps rates at an "emergency low." Simply click here to uncover these stocks - No credit card required.

Motley Fool writer/analyst Mike King doesn't own shares in any companies mentioned. You can follow Mike on Twitter @TMFKinga

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.

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