It has been a mixed day for the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO), but in late trade it is on course to finish slightly higher at 5,748 points.
Four shares which have made notably strong gains today are listed below. Here's why they have finished the week with a bang:
The Medibank Private Ltd (ASX: MPL) share price is up almost 7% to $2.87 following the release of its full-year results. Investors appear to have been pleased with the private health insurer's 7.6% increase in net profit after tax to $449.5 million in FY 2017.
The Santos Ltd (ASX: STO) share price has climbed almost 6% to $3.67 a day after the release of its half-year result. The strong result led to no less than four brokers releasing positive research notes this morning. Citi, Credit Suisse, Deutsche Bank, and Morgan Stanley all have buy ratings (or equivalents) on the oil and gas company's shares and I completely agree with this view.
The Sims Metal Management Ltd (ASX: SGM) share price is up almost 4% to $14.75 after the metals and electronics recycler posted a 216% increase in full-year underlying net profit after tax to $120.1 million. While I think this was a strong result, I feel its shares are a little on the expensive side.
The Super Retail Group Ltd (ASX: SUL) share price surged almost 8% to $8.44 after the retailer reported a strong full-year result. In FY 2017 Super Retail deliver net profit after tax growth of 62% to $102 million, meaning its shares are changing hands at 16x earnings now. I think its shares are still good value despite the strong gain today.
