The S&P/ASX 200 (Index: ^AXJO) (ASX:XJO) has started the week off on the back foot, losing 0.66% to 5,394 points.
The healthcare and energy sectors have been the hardest hit sectors today, with the financials and telecommunications sectors showing some resilience to the broader market sell-off.
Four shares that have managed to buck today’s broader market trend, include:
Perseus Mining Limited (ASX: PRU)
Shares of Perseus Mining have spiked more than 11.4% today after the gold producer reported better-than-expected production figures for the September quarter. A significant improvement in productivity achieved at the company’s Edikan gold mine resulted in a 9% increase in gold production over the prior quarter and allowed Perseus to maintain its half-year production guidance of 80,000-100,000 ounces. Investors would also be pleased with the sizeable fall in production costs during the quarter, which came in 6% below the June quarter.
Genworth Mortgage Insurance Australia (ASX: GMA)
Shares of the Australian mortgage insurer have climbed nearly 2% today after its parent company, Genworth Financial, Inc., was purchased by China Oceanwide Holdings for US$2.7 billion. Although the transaction means Genworth Australia will have a new major shareholder on its register (pending the necessary regulatory approvals), the company does not expect any material changes to its day-to-day operations.
Australian Pharmaceutical Industries Ltd (ASX: API)
Shares of the pharmaceutical wholesaler and pharmacy retailer have climbed 2.9% today in what appears to be a delayed reaction to last week’s better-than-expected FY16 result. API managed to increase its earnings per share (EPS) by 20.5% and, at the same time, boost its full year dividend by 33%. The strong result was driven primarily by its Priceline Pharmacy brand, and with plans to open a further 20 stores over the coming year, investors may expect another strong performance in FY17.
Yowie Group Ltd (ASX: YOW)
Shares of Yowie have spiked by as much as 6.3% today after the confectionary company released a solid September quarterly report. Net sales reached a new quarterly company record of US$4.9M, an increase of 104% on the prior corresponding period. Pleasingly, the company also received its highest quarterly cash receipts from sales since inception. Although Yowie is yet to turn a profit and is still operating cashflow negative, the company remains well funded with $30.5 million of cash at the end of the latest quarter.
5 stocks under $5
We hear it over and over from investors, "I wish I had bought Altium or Afterpay when they were first recommended by The Motley Fool. I'd be sitting on a gold mine!" And it's true.
And while Altium and Afterpay have had a good run, we think these 5 other stocks are screaming buys. And you can buy them now for less than $5 a share!
*Extreme Opportunities returns as of June 5th 2020
Motley Fool contributor Christopher Georges 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.