Although it has bounced back from its lows, the benchmark S&P/ASX 200 (Index: ^AXJO) (ASX: XJO). Is down slightly at 5,985 points in afternoon trade.
Four shares which haven't let that hold them back are listed below. Here's why they are higher today:
The Automotive Holdings Group Ltd (ASX: AHG) share price has climbed 5% to $3.64 after announcing plans to sell its refrigerated logistics business. HNA International will pay $400 million on a debt and cash free basis. Management advised that the proceeds will provide it with additional financial capacity to grow its Automotive Retail operations, as well as flexibility to undertake capital management initiatives.
The Hansen Technologies Limited (ASX: HSN) share price is up almost 3% to $3.41. This morning the billing technology company held its annual general meeting and advised that it has had a strong first-half of trade. It has, however, decided that it is too early to project its full-year profit growth. Therefore it has reaffirmed its full-year outlook and expects "increased profitability in FY 2018".
The iSentia Group Ltd (ASX: ISD) share price is up 4% to $1.11 following the release of its annual general meeting presentation. The media monitoring company has built a reputation for profit downgrades over the last 18 months, so shareholders were no doubt relieved that management reaffirmed its full-year guidance this morning.
The RCG Corporation Ltd (ASX: RCG) share price has surged 7% to 76 cents. This morning the retailer confirmed that it is on course to deliver on its full-year guidance following a solid start to FY 2018. At just over 10x earnings, I can't say I'm surprised to see the market snapping up the footwear retailer's shares today.
