The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is having a solid day after positive comments out of China's President Xi in Boao. In afternoon trade the benchmark index is up 0.8% to 5856 points.
Four shares that have climbed more than most today are listed below. Here's why they have stormed higher:
The Digitalx Ltd (ASX: DCC) share price is up 6% to 17.5 cents after the blockchain-based software solutions company announced the launch of its funds management business, DigitalX Investments. According to the release, DigitalX Investments will invest predominantly in the leading cryptocurrencies, with a smaller allocation towards special trading opportunities including ICOs.
The Livetiles Ltd (ASX: LVT) share price has climbed 8.5% to 45 cents after The software company provided an update on its performance in the March quarter. According to the release, annualised subscription revenue reached $11.2 million at the end of the quarter, up from $2.7 million 12 months ago. This represents growth of 315% on the prior corresponding period and is almost 7x the software-as-a-service industry average.
The Pilbara Minerals Ltd (ASX: PLS) share price is up 3% to 82 cents. This afternoon the lithium miner advised that it has made excellent progress towards achieving its first direct shipping ore (DSO) sales from its Lithium-Tantalum Project in Western Australia. According to the release, all conditions precedent to its mine gate sale agreement with Atlas Iron Limited (ASX: AGO) have been satisfied, including the receipt of the US$3 million pre-payment required to help fund the establishment costs associated with the DSO program.
The WiseTech Global Ltd (ASX: WTC) share price has jumped 5.5% to $10.02. This morning the company's shares were given a lift after Citi took their sell rating off them. The broker has upgraded WiseTech's shares to a neutral rating with a $9.51 price target. Although this is lower than the current share price, investors appear to be interpreting this as a sign that its shares have now bottomed.
