Why these 4 ASX shares have started the week on a high

It has been a positive start to the week for the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO). In afternoon trade the benchmark index is up almost 0.2% to 6,282.7 points.

Four shares climbing more than most today are listed below. Here’s why they have started the week on a high:

The Eden Innovations Ltd (ASX: EDE) share price has rocketed 21.5% higher to 6.8 cents after the concrete additive company announced an agreement with leading South Korean precast concrete manufacturer KC Industry to develop EdenCrete-enriched concrete mix designs for use in the Korean market. This announcement supersedes a memorandum of understand previously signed between the two parties.

The Elders Ltd (ASX: ELD) share price has bounced back from last Friday’s heavy decline and is up 3.5% to $7.30. The agribusiness company’s shares fell sharply last week after providing the market with an underwhelming seasonal update. Bell Potter appears to think the selloff is a buying opportunity and has upgraded Elders’ shares this morning.

The Fastbrick Robotics Ltd (ASX: FBR) share price has risen over 6% to 17 cents despite there being no news out of the robotics company. However, last week Fastbrick Robotics announced the extension of its memorandum of understanding with global machinery giant Caterpillar until January 31. This will allow the company time to demonstrate its technology to Caterpillar in line with the original intentions of the agreement and its current development schedule.

The iSentia Group Ltd (ASX: ISD) share price has pushed a further 5% higher to 82.5 cents. Last week the embattled media monitoring company’s shares rocketed higher after it announced a new CEO and reaffirmed its full-year EBITDA guidance. Although its guidance of $32 million to $36 million will be a sizeable decline on FY 2017, investors appear relieved that things have not got worse since its half-year results release.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Elders Limited and iSentia Group 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.

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