Why these 4 ASX shares are ending the week with a bang

In afternoon trade the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is on course for another disappointing decline. At the time of writing the benchmark index is down over 0.6% to 6,120.9 points.

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

The Bingo Industries Ltd (ASX: BIN) share price has risen almost 2.5% to $2.17. This morning S&P Dow Jones Indices announced its September 2018 quarterly rebalance of the S&P/ASX indices. One key change will see this leading waste management company added to the S&P/ASX 200 from September 24. I think this addition is more than deserved and feel Bingo Industries remains a quality buy and hold investment option.

The Domino’s Pizza Enterprises Ltd (ASX: DMP) share price has risen 4.5% to $54.67 despite there being no news out of the pizza chain operator. I wouldn’t be surprised if this gain is related to short sellers buying shares to close positions. Domino’s may be one of the most shorted shares on the Australian share market, but its share price is closing in fast on a 52-week high.

The Pilbara Minerals Ltd (ASX: PLS) share price has stormed 8.5% higher to 76.5 cents. Although there has been no news out of the lithium miner today, it is worth noting that almost all of its lithium peers are posting solid gains today after several days of heavy declines.

The Sigma Healthcare Ltd (ASX: SIG) share price has rebounded from yesterday’s heavy decline with a 5.5% gain to 56.5 cents. On Thursday the pharmacy chain operator and distributor’s shares fell heavily after the release of a weak first-half result and even weaker medium term guidance. While this has led to Credit Suisse downgrading Sigma’s shares to an underperform rating and 48 cents per share price target, some investors don’t appear to have been put off. I would suggest investors stay clear of Sigma.

OUR #1 dividend pick to grow your wealth now is revealed for FREE here!

You might not know this market leader's name, but it's rapidly expanding into a highly profitable niche market here in Australia. Even better, the shares boast a strong, fully franked dividend that should balloon in the years to come. In other words, we're looking at the holy grail of incredible long-term growth potential AND income you can watch accruing in your account in real time!

Simply click here to grab your FREE copy of this up-to-the-minute research report on our #1 dividend share recommendation now.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Domino's Pizza Enterprises 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 Scott Phillips.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.