The benchmark S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) looks set to end its stellar run on Friday. In afternoon trade the index is down 0.2% to 6,219.7 points following heavy declines on international markets overnight.
Four shares that have not let that hold them back are listed below. Here’s why they are ending the week on a high:
The Australia and New Zealand Banking Group (ASX: ANZ) share price has pushed almost 3% higher to $28.60 after the banking giant increased its buy back plans. All the big four banks are pushing higher today as investors look to take advantage of recent declines in the sector. While it isn’t my first choice in the sector, I do think ANZ Bank is attractive at these levels.
The Bravura Solutions Ltd (ASX: BVS) share price has climbed 3% to $3.35 after the fintech company announced a long-term contract with Legal & General Investment Management. The agreement with see the investment company implement Bravura’s popular Sonata wealth management solution. With £983 billion of assets under management, this certainly is yet another stamp of approval for Sonata.
The Fleetwood Corporation Limited (ASX: FWD) share price has continued its climb and is up a further 4.5% to $2.35. The shares of the provider of accommodation solutions and recreational vehicles have been on fire since it announced the sale of its loss-making caravan manufacturing business.
The HT&E Ltd (ASX: HT1) share price has pushed almost 5% higher to $2.48 after outdoor advertising rival APN Outdoor Group Ltd (ASX: APO) returned with an improved offer for its Adshel business. According to the release, APN Outdoor has offered $230 million in cash and 54.1 million APN Outdoor shares. This works out to be a total consideration of approximately $585 million. The HT&E board advised that it expects to receive more offers for the business.
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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 Bravura Solutions Ltd. 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.