In early afternoon trade the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is flat at 5,8897 points due largely to declines in the energy and materials sectors.
But that hasn't stopped four shares from going against the grain today and climbing higher. Here's why:
The Bapcor Ltd (ASX: BAP) share price is up 2% to $5.82 despite there being no news out of the retailer. Today's gain means its shares have now climbed a massive 26% in the last 12 months. Despite the rise I still think it would be a great investment.
The Karoon Gas Australia Limited (ASX: KAR) share price has surged 9% to $1.63. Yesterday Karoon Gas' shares took a 20% plunge after it emerged that the bidding process for two lucrative oil fields would be reinitiated. While Karoon Gas could still win the bidding process, the market doesn't appear confident.
The Nearmap Ltd (ASX: NEA) share price has surged 6% to 54.7 cents. Today's gain means the aerial imagery company's shares have risen a remarkable 21% so far this week. The driver of these share price gains was a positive update released earlier this week.
The Nextdc Ltd (ASX: NXT) share price has jumped 3% to $4.09. Although there was no news out of the data centre operator, a favourable broker upgrade appears to be behind today's move. According to a note out of Canaccord Genuity, its analysts have slapped a buy rating and $4.85 price target on its shares.
