It has been a day to forget for the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO). The benchmark index is down a sizeable 0.8% to 5,970 points in afternoon trade.
Four shares defying the market today are listed below. Here's why they have climbed higher:
The Computershare Limited (ASX: CPU) share price has climbed almost 5% to $15.89 after upgrading its full-year guidance. Due to strong contributions from its Corporate Actions and Mortgage Services businesses, the company now expects Management earnings per share to increase by around 10% on FY 2017 in constant currency terms.
The Incitec Pivot Ltd (ASX: IPL) share price is up 7% to $4.01 following the release of its full-year results. Net profit after tax excluding one-off items increased 8% year-on-year to $318.7 million thanks to strong performances from its Industrial Chemicals and Explosives segments. A solid result, but its shares look a little expensive in my opinion.
The Orocobre Limited (ASX: ORE) share price has continued its ascent and climbed 5.5% to $6.22. This morning the lithium miner released its investor presentation ahead of the UBS Australasia Conference in Sydney. According to the presentation, management believes Orocobre's shares are cheap in comparison to its lithium miner peers.
The Speedcast International Ltd (ASX: SDA) share price has surged 7% higher to $5.00. Today's gain is likely to be attributable to a research note out of UBS this morning. According to the note, the broker has retained its buy rating on the satellite services provider and increased its price target to $5.20.
