At lunch the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is lower by 0.2% to 5,689 points ahead of its early finish. If things stay the same way the benchmark index will finish the year with a solid 7.4% gain.
Six shares which are ending the year with a bang are as follows:
Class Ltd (ASX: CL1) shares have climbed 3% to $2.89 despite there being no news out of the company. The cloud-based accounting, investment reporting and administration software provider has had a great year and I’m confident of this continuing in 2017.
Paladin Energy Ltd (ASX: PDN) shares have risen almost 12% to 8.6 cents. The uranium production company’s shares have been on a tear since it announced earlier this week that it has made a proposal to Électricité de France (EdF) regarding its US$200 million long-term off-take contract pre-payment. If EdF accepts the proposal then Paladin should receive the much-needed outstanding payment.
Resolute Mining Limited (ASX: RSG) shares have soared once again, this time by 12% to $1.32. Today’s gain means that Resolute has now climbed an astonishing 24% during the three-day week. The gold price lifted overnight to US$1,161 an ounce due to weakness in the U.S. dollar. Newcrest Mining Limited (ASX: NCM) and St Barbara Ltd (ASX: SBM) also put on notable gains today as well.
Touchcorp Ltd (ASX: TCH) shares have edged higher by over 3% to $1.08. This brings the payment software provider’s gain to over 7% this week. Despite this gain its shares are still down by over 43% in December following a shock market update. Not only did the update reveal a deterioration in revenue growth since its half-year results, but also a significant drop in operating profit.
Motley Fool contributor James Mickleboro has no position in any stocks mentioned. The Motley Fool Australia owns shares of Class Limited and TOUCHCORP FPO. 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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