MENU

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.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…

Including:

The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!