The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has returned to action with a move higher on Wednesday. In early afternoon trade the index is up 0.3% to 6,085 points.
Four shares climbing more than most today are listed below. Here’s why they have started the week with a bang:
The Impedimed Limited (ASX: IPD) share price is up 7% to 99.5 cents after announcing that its SOZO device has been granted clearance by the FDA. This will allow the company to market the device for the fluid monitoring of patients in the United States living with chronic heart failure.
The Retail Food Group Limited (ASX: RFG) share price is up 9% to $2.50 after announcing the successful renegotiation of its debt facilities. Two major banks have shown confidence in the company by extending their respective debt facilities for a further three years. No terms were disclosed.
The St Barbara Ltd (ASX: SBM) share price has climbed 4% to $3.84. The majority of Australia’s leading gold miners have climbed higher today following a rebound in the gold price. Overnight the gold price hit a four-week high amid strong seasonal trade. Interestingly, gold has a habit of rising during the last week of December and the first week of January.
The Seven Group Holdings Ltd (ASX: SVW) share price is up 4% to $15.79 despite there being no news out of the company or broker notes to speak of. This gain means that the diversified operating and investment company’s shares have now doubled in value this year.
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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Retail Food Group Limited. 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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