The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is on course to finish the week on a positive note. In afternoon trade the benchmark index is up 0.1% to 6,064.5 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 Aveo Group (ASX: AOG) share price is up 8% to $1.92. On Thursday the retirement communities company released its half year results which revealed solid demand for its properties despite the broader market downturn. Aveo's sales lead indicators and written sales volumes for the first half exceeded the same period as last year.
The Carsales.Com Ltd (ASX: CAR) share price has rebounded 4% to $11.84. The automotive listings company's shares fell heavily earlier this week after the release of a disappointing first half result. One broker that still believes it is a buy is Morgans. According to its note, it has retained its add rating on the company's shares, albeit with a reduced price target of $12.49.
The Domain Holdings Australia Ltd (ASX: DHG) share price has rocketed almost 20% higher to $2.50 despite reporting a 12% decline in first half EBIT to $38.4 million. This decline was driven by lower listings in the key Melbourne and Sydney markets. However, investors appear to have responded positively to management advising that it remains confident in its long-term growth prospects once the property downturn eases.
The Medibank Private Ltd (ASX: MPL) share price has climbed 6% higher to $2.93 following the release of its half year results. The private health insurer posted revenue of $3,560.9 million and an operating profit of $293 million for the half, which was a 2.7% and 2.4% increase, respectively, on the prior corresponding period. In addition to this, the company revealed its cost savings progress. Management advised that it is on track to deliver $20 million in productivity savings in FY 2019 with another $20 million expected in FY 2020.
