In afternoon trade the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has followed international markets lower and has fallen a disappointing 0.2% to 5,998 points.
Four shares which have not let that hold them back are listed below. Here’s why they are ending the week with strong gains:
The Livetiles Ltd (ASX: LVT) share price has continued its solid run and is up a further 8% to 35 cents. Yesterday the software company’s shares rocketed 42% higher after announcing a link up with Microsoft. LiveTiles will roll out its AI technology through the global tech giant’s major channels in the United States.
The St George Mining Ltd (ASX: SGQ) share price has stormed 38% higher to 29 cents following the release of assays from its Stricklands Prospect at the Mt Alexander Project in Western Australia. The assays revealed a high grade nickel-copper-cobalt-platinum mineralisation, possibly indicating that there is a significant mineral resource underground.
The Trilogy International Ltd (ASX: TIL) share price has jumped almost 20% to $2.56 after the personal care and beauty products company advised that it is the subject of a takeover approach from CITIC Capital China Partners. A NZ$2.90 (A$2.64) cash per share offer has been tabled and management intends to unanimously recommend it if its independent adviser concludes that the offer is within or above its valuation range and no superior proposal arises.
The Transurban Group (ASX: TCL) share price is up almost 4% to $12.74. This morning the toll road giant advised that it has successfully completed the institutional component of its $1.9 billion fully underwritten entitlement offer. Transurban is raising $1.9 billion to help fund its $4 billion bill for constructing Melbourne’s West Gate Tunnel road and infrastructure project.
Where to invest $1,000 right now
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Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.
*Returns as of June 30th
Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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