Thanks largely to strong gains in the energy sector, the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has stormed higher by 0.7% to 5,760 points in afternoon trade.
Four shares which have climbed more than most today are listed below. Here's why they are higher:
The AGL Energy Ltd (ASX: AGL) share price is up 3.5% to $24.94 following reports that the energy company has begun an auction for its smart meter business. According to the Australian Financial Review, AGL may be able to command upwards of $100 million for the business.
The LiveHire Ltd (ASX: LVH) share price has jumped 7.5% to 64.5 cents after the talent technology company announced an agreement to partner with recruitment company Randstad in Singapore. As Randstad is one of the biggest recruitment companies in the world, I believe this agreement is a testament to the quality of the LiveHire product.
The Treasury Wine Estates Ltd (ASX: TWE) share price has climbed 5% to $12.76 following the release of a market update after the market closed yesterday. Due to misleading comments from analysts, Treasury Wine came out to reaffirm its positive outlook for the imported wine market in China. I think Treasury Wine is a great long-term buy and hold investment option.
The Whitehaven Coal Ltd (ASX: WHC) share price has surged 5% to $3.13 despite there being no news out of the coal miner. Today's gain is likely to be attributable to the thermal coal price from the Newcastle terminal jumping to its highest level since April due to tightening supply and increasing demand.
