Why these 4 ASX shares have jumped higher today

The Creso Pharma Ltd (ASX:CPH) share price is one of four to have jumped significantly higher today despite the market falling sharply. Here's why…

| More on:
a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

It has been a day to forget for the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO). With every sector in the red, the benchmark index is down a whopping 1.5% to 5,686 points.

But going against the grain and climbing higher today have been four shares in particular. Here's why they have bolted higher:

The Bellamy's Australia Ltd (ASX: BAL) share price has jumped almost 4% to $4.58 today. The infant formula company has now seen its shares rise over 17% this week following news that China has delayed its new cross border             e-commerce laws indefinitely. These laws had threatened to reduce the sales of many leading exporters into the country.

The Creso Pharma Ltd (ASX: CPH) share price has surged 18% higher to 82.5 cents after coming out of its trading halt. This morning the pot stock announced the signing of a commercial agreement in Brazil as part of expansion into the Latin American market. Today's gain means its shares have now gained over 211% since this time last month.

The Nufarm Limited (ASX: NUF) share price has climbed 4.5% to $9.78 after the release of a solid half-year result. A 67% increase in underlying net profit after tax impressed investors enough to send its shares to a five-year high in morning trade. Whilst I thought the result was very strong, I think Nufarm looks fully valued now.

The Premier Investments Limited (ASX: PMV) share price is up 5% to $14.46 a day after the release of its first-half results. The solid result led to two leading brokers upgrading its shares to buy ratings this morning. I would have to agree with Credit Suisse and Deutsche Bank that this fast-growing retailer would be a good investment.

Motley Fool contributor James Mickleboro 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.

More on ⏸️ Investing

Close up of baby looking puzzled
Retail Shares

What has happened to the Baby Bunting (ASX:BBN) share price this year?

It's been a volatile year so far for the Aussie nursery retailer. We take a closer look

Read more »

woman holds sign saying 'we need change' at climate change protest
ETFs

3 ASX ETFs that invest in companies fighting climate change

If you want to shift some of your investments into more ethical companies, exchange-traded funds can offer a good option

Read more »

a jewellery store attendant stands at a cabinet displaying opulent necklaces and earrings featuring diamonds and precious stones.
⏸️ Investing

The Michael Hill (ASX: MHJ) share price poised for growth

Investors will be keeping an eye on the Michael Hill International Limited (ASX: MHJ) share price today. The keen interest…

Read more »

ASX shares buy unstoppable asx share price represented by man in superman cape pointing skyward
⏸️ Investing

The Atomos (ASX:AMS) share price is up 15% in a week

The Atomos (ASX: AMS) share price has surged 15% this week. Let's look at what's ahead as the company build…

Read more »

Two people in suits arm wrestle on a black and white chess board.
Retail Shares

How does the Temple & Webster (ASX:TPW) share price stack up against Nick Scali (ASX:NCK)?

How does the Temple & Webster (ASX: TPW) share price stack up against rival furniture retailer Nick Scali Limited (ASX:…

Read more »

A medical researcher works on a bichip, indicating share price movement in ASX tech companies
Healthcare Shares

The Aroa (ASX:ARX) share price has surged 60% since its IPO

The Aroa (ASX:ARX) share price has surged 60% since the Polynovo (ASX: PNV) competitor listed on the ASX in July.…

Read more »

asx investor daydreaming about US shares
⏸️ How to Invest

How to buy US shares from Australia right now

If you have been wondering how to buy US shares from Australia to gain exposure from the highly topical market,…

Read more »

⏸️ Investing

Why Fox (NASDAQ:FOX) might hurt News Corp (ASX:NWS) shareholders

News Corporation (ASX: NWS) might be facing some existential threats from its American cousins over the riots on 6 January

Read more »