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Why these 4 ASX shares are ending the week on a high

In afternoon trade the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) looks set to end its strong run and is down almost 0.6% to 6,063 points.

Four shares that have defied the market and pushed higher are listed below. Here’s why they are ending the week on a high:

The A2 Milk Company Ltd (ASX: A2M) share price has climbed 3.5% to $12.12 despite there being no news out of the infant formula and dairy company. Bargain hunters appear to be swooping in again after a spot of share price weakness in recent weeks. I think this is a smart move and believe a2 Milk Company could be one of the better buy and hold investments on the ASX right now.

The Lovisa Holdings Ltd (ASX: LOV) share price is up 4% to $10.14. Today’s gain could be attributable to the fast-growing retailer being the subject of a positive note out of the Macquarie equities desk. I think that Lovisa is one of the best retail shares on the local market and has significant international growth potential. This could make it a great option for buy and hold investors.

The Seven West Media Ltd (ASX: SWM) share price has pushed over 6% higher to 60.2 cents. This latest gain means that the media company’s shares have now risen over 17% since this time last week. Investors have been snapping up the shares of Seven West Media after its positive update at the start of the week. I think that Seven West Media could be worth a closer look.

The WiseTech Global Ltd (ASX: WTC) share price has moved 4.5% higher to $12.03. WiseTech Global’s shares have been on a tear this week after the logistics platform company upgraded its full-year guidance. FY 2018 revenue is now expected in the range of $210 million to $220 million, compared to previous guidance of between $207 million and $217 million.

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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 A2 Milk and WiseTech Global. 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 Scott Phillips.

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