Market Movers: Why these 6 shares are climbing higher today

Transurban Group (ASX:TCL) is one of six shares helping the market push higher today.

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Local investors have started the week off in a festive spirit and this has seen the S&P/ASX 200 (Index: ^AXJO) (ASX:XJO) gain 0.73% to 5,573 points.

The property, utilities and industrials sectors are leading the market higher today thanks to strong performances from a number of interest rate sensitive shares.

Six shares that have been particularly strong performers today, include:

Syrah Resources Ltd (ASX: SYR)

Shares of Syrah Resources have spiked around 7.5% today mainly on the back of speculation of a possible takeover bid from South32 Ltd (ASX: S32). Shares of the graphite miner have been under serious pressure this year, with the shares falling from $6.72 in mid-June to just $2.62 earlier this month. Syrah has also been one of the most shorted shares on the ASX this year and today's move suggests some traders may be covering their positions.

Transurban Group (ASX: TCL)

Transurban shares have climbed nearly 3% today following some respite in the bond markets over the weekend. Other interest rate sensitive shares including Sydney Airport Holdings Ltd (ASX: SYD) and APA Group (ASX: APA) are also enjoying gains of more than 2.5% today as investors pile back into some of the most popular shares that have been beaten-up over the past few months.

Silver Chef Limited (ASX: SIV)

Shares of Silver Chef have spiked around 9% today, despite the absence of any news from the company. It appears bargain hunters are stepping up to the plate following a dramatic plunge in the share price over the past month. It comes after the equipment rental company revealed it had been the victim of a co-ordinated fraud attack that was going to require a first-half impairment charge of $2.2 million.

Sky Network Television Ltd (ASX: SKT)

Shares of Sky Network have rebounded 2.8% today thanks in-part to a broker upgrade. UBS has upgraded the shares to a 'buy' after last week's savage sell-off, which saw the shares fall around 15%. The pay-tv company underwhelmed investors last Wednesday after it revealed it had suffered falling subscriber numbers for the year-to-date and this was likely to result in FY17 EBITDA declining 5%-7%.

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.

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