The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has had a solid start to the week thanks to gains in all sectors except the materials sector. In early afternoon trade the index is up 0.6% to 5,708 points.
Four shares climbing more than most today are listed below. Here's why they have started the week strongly:
The a2 Milk Company Ltd (Australia) (ASX: A2M) share price has climbed almost 4% to $5.50 following the release of an investor presentation at CLSA Investors' Forum in Hong Kong. Investors appear pleased that the dairy company has not made any changes to its full-year outlook. Its shares may be expensive, but I think it still has significant growth ahead.
The Cynata Therapeutics Ltd (ASX: CYP) share price is up 4.5% to 59 cents thanks to a positive broker note. According to a note out of US-based investment bank H.C. Wainwright & Co, the stem cell and regenerative medicine company's shares have been given a buy rating and massive $1.50 price target. The broker believes that Cynata is entering a catalyst-rich period which could propel the share price significantly higher. Now could be a great time to have a closer look at this exciting company.
The Galaxy Resources Limited (ASX: GXY) share price is up 6% to $2.35 today. Over the weekend the Chinese government revealed that it plans to ban the production and sale of internal combustion engine vehicles in the future. As lithium goes inside the batteries of electric vehicles, this could result in increasing demand for the metal. I continue to believe Galaxy is one of the best long-term options in the resources sector.
The Navitas Limited (ASX: NVT) share price is up almost 3% to $4.53 after the education provider announced the expansion of its partnership with Swansea University. The two parties will form a joint venture that will provide a wider range of services including an expanded curriculum, a broader portfolio of pre-Masters programs, and the management of a 411 bed on-campus student accommodation facility.
