4 shares soaring on the ASX today

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is down 0.9% heading into the close, with US election fears again to blame for the falls.

The index has dropped nearly 2% in just the past five trading days as we get ever nearer to next Tuesday’s US election. Polls suggest Donald Trump has pulled back the lead from Hillary Clinton and in some has even taken the lead to become the next US president.

Markets don’t like the uncertainty associated with a Donald Trump win.

But despite the overall market fall, these four companies saw their share prices rise.

Orica Ltd (ASX: ORI) has seen its share price rise 8.3% to $16.90 after the explosives and industrial chemicals producer delivered a 7% fall in underlying net profit after tax to $389 million. I’m not sure what investors read into the result, but it didn’t look like great news – especially for the year ahead. I’ll continue to avoid this company – like I said I would back in July 2012 when the share price was near $25.

Vita Group Ltd (ASX: VTG) has recovered 6.5% to $3.59, having suffered a huge fall (28.5%) from a high of $4.71 last Friday. The telecommunications retailer, which runs over 100 stores for giant Telstra Corporation Ltd (ASX: TLS) announced last week that it was branching out into men’s lifestyle retailing which may have shocked some shareholders. Then the company said it was in negotiations with Telstra over the remuneration – which wouldn’t appear to be good news for Vita. However, one fund manager believes the negotiations could be positive for Vita, and his article was likely widely read by investors.

CYBG PLC CDI 1:1 (ASX: CYB) share price rose 7.1% to $4.53, and the UK bank may be benefitting from a surge in the British pound overnight. That was likely after the country’s high court rules that the prime minister cannot single-handedly trigger ‘Brexit’. Instead, the UK government must now seek the approval of the government, and the effects may be much less than feared with a ‘soft Brexit’ now more likely.

Audio Pixels Holdings Ltd (ASX: AKP) gained 2.1% to $19.39 and a market cap of $521 million. That’s amazing for a company that generated just $44,534 in revenues in the six months to end of June 2016. The company’s technology – digital speakers – looks like an amazing product, if it can get it into commercial production and then make a profit from it. The good news today was that the company says it has commenced the integration stage – a critical milestone in the commercialisation process.

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Motley Fool writer/analyst Mike King owns shares in Vita Group. 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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