The S&P/ASX 200 (Index: ^AXJO) (ASX:XJO) has traded sharply lower today on the back of weak offshore leads and profit taking in the big four banks. At the time of writing, the benchmark index had lost 56 points, or 0.98%, to 5,710 points.
Despite the market downturn, these four shares have enjoyed a very positive day:
Bubs Australia Ltd (ASX: BUB)
Shares of Bubs Australia have spiked 9.7% today, despite announcing the retirement of its chairman. As highlighted here, the shares have only been listed on the ASX since last week, but have already managed to become a huge focal point following some extraordinary share price moves. Importantly, investors should keep in mind that the baby food maker in FY16 recorded a $1.3 million loss and sales of just $4.3 million.
Blackmores Limited (ASX: BKL)
Blackmores shares are enjoying their second consecutive day of solid gains with a rise of 2.8% to $116 per share. The company has not released any news to the market but it appears investors are feeling far more comfortable buying the shares following Bellamy’s Australia Ltd (ASX: BAL) market update earlier this week. Nonetheless, investors are still likely to remain a tad cautious towards the vitamin maker until it releases it first half results in February.
Liquefied Natural Gas Ltd (ASX: LNG)
Shares of Liquefied Natural Gas have jumped 8.8% today mainly on the back of rising oil prices. In fact, the shares have climbed around 30% since OPEC reached a deal in December to cut oil output. Rising oil prices are welcomed by natural gas producers as the price of LNG is closely linked to movements in the oil price. Despite their recent rally, shares of Liquefied Natural Gas are still trading more than 83% below their all-time high reached in 2015.
IVE Group Ltd (ASX: IGL)
Shares of IVE Group have climbed 2.8% today after announcing Coles has awarded its catalogue printing services contract to one of its subsidiaries. The announcement was made late in yesterday’s session, and while the financial detail is still lacking at this stage, I expect the deal would be quite lucrative for the marketing and print company. Interestingly, shares of IVE Group still appear to offer great value for prospective investors as they trade on a price-to-earnings ratio of less than 8 and a dividend yield of around 7%.
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Motley Fool contributor Christopher Georges owns shares of Blackmores Limited. The Motley Fool Australia owns shares of Bellamy's Australia. 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.