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These ASX shares are ending the week with a bang

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has had an eventful day filled with a number of ups and downs. But at the time of writing the index is in positive territory and is up 0.1% to 5,743.5 points.

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

The Beach Energy Ltd (ASX: BPT) share price has climbed 3.5% to $1.74. The majority of Australia’s energy producers are on the rise today after oil prices rebounded overnight. According to Bloomberg, the WTI crude oil price is up 0.7% to US$56.83 a barrel and the Brent crude oil price has risen 0.7% to US$67.08 a barrel.

The FlexiGroup Limited (ASX: FXL) share price has rebounded from a sharp decline to be over 6% higher at $1.60 in afternoon trade. The financial services company’s shares sank lower this morning after management failed to reiterate its guidance in its annual general meeting presentation which was released late yesterday afternoon. This appears to have been an oversight, with the company reconfirming its previous guidance this lunchtime.

The G8 Education Ltd (ASX: GEM) share price has pushed a further 5.5% higher to $2.84. Investors have responded positively to news that the childcare centre operator has experienced improvements in trading conditions and occupancy levels in FY 2019. One broker that was pleased with its update was Ord Minnett. A note out of the broker reveals that it has retained its buy rating and lifted the price target on its shares to $2.85.

The Nearmap Ltd (ASX: NEA) share price has zoomed over 7% higher to $1.60 a day after its AGM. One broker that was impressed with the geospatial map company’s update yesterday was Morgan Stanley. It believes that the strong start means it is on track to hit its FY 2019 forecasts. Morgan Stanley has an overweight rating and $2.00 price target on Nearmap’s shares.

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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 and has recommended Nearmap Ltd. The Motley Fool Australia has recommended FlexiGroup 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.

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