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

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has bounced back from yesterday’s heavy decline and is on course to finish the week on a high. In afternoon trade the benchmark index is up almost 0.6% to 6,163.8 points.

Four shares that are climbing more than most today are listed below. Here’s why they are ending the week with a bang:

The Afterpay Touch Group Ltd (ASX: APT) share price has pushed almost 4% higher to $17.21 despite there being no news out of the fast-growing fintech company. Earlier this week the Daily Mail reported that a Kmart spokesperson had confirmed that the Afterpay service could be available to shoppers from as early as next week. The response on social media has been overwhelmingly positive and I expect it to give its Australian sales a lift.

The iSentia Group Ltd (ASX: ISD) share price has rocketed 11% higher to 37 cents. The media monitoring company’s shares have been on fire this week despite recently being dumped out of the S&P/ASX 300. This latest gain means its shares have climbed 19% just this week, possibly due to bargain hunters sensing that its shares had bottomed after heavy declines.

The Myer Holdings Ltd (ASX: MYR) share price has built on yesterday’s incredible gain and is up a further 4% to 59.2 cents. The department store operator’s shares have been on fire since its CEO John King picked up 100,000 shares through on market trades on Thursday. This, and news that a couple of leading brokers had taken their sell ratings off its shares, appears to have improved investor sentiment and possibly led to some short sellers buying back shares in a hurry.

The Updater Inc (ASX: UPD) share price has jumped 8% to $1.13 after the U.S. based relocation platform provider released a business update. According to the release, the Updater platform is expected to handle at least 3 million relocations this year, up almost 27% on 2017’s numbers. Management also advised that during peak season it was handling 20% of all relocations in the United States.

Missed these gains? Then don't miss out on these top growth stars.

The Disruptors: 3 Revolutionary Aussie Companies to Back for 2018

We’re living in one of the most exciting times in investing history. Innovation and a booming culture of entrepreneurship are constantly creating new companies with the potential to make forward-thinking investors very rich. Now more than ever, one small, smart investment could make a huge difference to your wealth.

That’s why at The Motley Fool we’ve been scrutinizing the ASX to uncover the kinds of companies that we believe could turn into the next Atlassian.

We’ve found three exciting companies that we believe re poised to perform in the new year. Click here to uncover these ideas!

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of AFTERPAY T FPO. The Motley Fool Australia has recommended 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.

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.