After yesterday’s sharp decline, the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has bounced back strongly and is up 0.6% to 5,699 points in afternoon trade.
Four shares which have made notably strong gains today are listed below. Here’s why they are higher:
The Alexium International Group Ltd (ASX: AJX) share price has climbed almost 9% to 56 cents after the specialty chemicals company announced extremely strong demand from the mattress industry for its Alexicool product. I think Alexium is a very interesting company and one to watch. You can learn more about it through this article.
The MG Unit Trust (ASX: MGC) share price is up 3% to 62.5 cents. This morning Murray Goulburn increased its Southern Milk Region opening price and 2017/18 Farmgate Milk Price range. The company has revised the opening price to $5.20 per kilo of milk solids in order to assist in maintaining competitiveness and support the supplier base.
The Oliver’s Real Food Ltd (ASX: OLI) share price is up 8% to 26 cents. The organic fast food company hit the ASX boards yesterday with a listing price of 20 cents and has now gained 30%. At one stage today its shares reached as high as 36 cents. If the company lives up to its prospectus forecasts, I feel it could prove to be a good investment.
The St Barbara Ltd (ASX: SBM) share price has climbed 4% to $2.90. The majority of Australia’s gold miners have edged higher today following a slight rise in the gold price. At present the spot gold price is fetching US$1,252 an ounce, up almost 1% from yesterday’s low.
Where to invest $1,000 right now
When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.
*Returns as of June 30th
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.
- 3 exciting small cap ASX shares to watch very closely – January 21, 2021 7:15pm
- Why the Medical Developments International (ASX:MVP) share price jumped 5% higher – January 21, 2021 4:18pm
- Why the Genetic Signatures (ASX:GSS) share price surged 6% higher today – January 21, 2021 3:42pm