The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has had a disappointing start to the year and is down 0.35% at 5,626.6 points in early afternoon trade.
Four shares that haven’t let that hold them back are listed below. Here’s why they have started the year with a bang:
The BWX Ltd (ASX: BWX) share price is up a further 5.5% to $1.67. The personal care products company’s shares have been on fire since the market reopened after Christmas. During this period its shares have stormed almost 18% higher. This gain is likely to be the result of bargain hunters believing its shares were oversold after its profit guidance downgrade last month. BWX’s shares are still down by over 50% since this time last month.
The Kogan.com Ltd (ASX: KGN) share price has climbed 6% to $3.60. As with BWX, Kogan.com’s shares were sold off heavily in 2018 and could be on the radar of bargain hunters today. Even after this solid gain Kogan.com’s shares are still down a massive 64% since peaking at $10.00 last year.
The OceanaGold Corp (ASX: OGC) share price is up another 4.5% to $5.07. At one stage today the gold miner’s shares hit a 52-week high of $5.16. Investors have been fighting to get hold of OceanaGold’s shares due to its strong operational and financial performance. The company’s strong production in the third quarter meant that management had to upgrade its full year guidance for the second time this year. The strong production also means that revenue and net profit are up 23% and 33%, respectively, compared to the prior corresponding period.
The ResApp Health Ltd (ASX: RAP) share price has pushed almost 5% higher to 11 cents. This morning the digital health company announced the submission of its CE Mark Technical File to the British Standards Institution for a first-of-its-kind smartphone application for the diagnosis of acute paediatric respiratory disease.
Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended BWX Limited. The Motley Fool Australia has recommended Kogan.com 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.