Why Automotive Holdings, Bionomics, Breville, & GWA shares stormed higher today

The Bionomics Ltd (ASX:BNO) share price and the Breville Group Ltd (ASX:BRG) share price are two of four starting the week on a high. Here's why…

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The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has followed the lead of international markets and is on course to start the week with a solid gain. In afternoon trade the benchmark index is up 0.5% to 6,094.8 points.

Four shares climbing more than most today are listed below. Here's why they have started the week on a high:

The Automotive Holdings Group Ltd (ASX: AHG) share price has bounced back from Friday's selloff with a 6% gain to $1.73. On Friday the company's share price sank lower after it announced a $226 million non-cash impairment of its businesses. Management advised that the impairment charges relate to the company's Franchised Automotive business and its Refrigerated Logistics business and reflect a more conservative view of its balance sheet given current market conditions.

The Bionomics Ltd (ASX: BNO) share price has rocketed 67% to 20 cents. This morning the biotechnology company announced a promising new development for its key BNC210 drug candidate. Further data analysis of its disappointing Phase 2 Post Traumatic Stress Disorder (PTSD) trial has shown the potential for significant patient benefit when the drug exposure is adequate.

The Breville Group Ltd (ASX: BRG) share price has continued its positive run and is up a further 5% to $14.74. Investors have been fighting to get hold of the appliance maker's shares since the release of a better than expected first half result last week. In the first half Breville posted a 19.7% increase in half year profit after tax to $43.5 million.

The GWA Group Ltd (ASX: GWA) share price has pushed 5% higher to $3.36 following the release of its half year results. Investors have responded positively to news that the supplier of building fixtures and fittings to households and commercial premises achieved a 7.3% increase in net profit from continuing operations excluding transaction costs in the first half.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Automotive Holdings Group 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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