The benchmark S&P/ASX 200 index is on course to record another solid gain on Wednesday. In afternoon trade the index is up a further 0.8% to 6,370.7 points.
Four shares climbing more than most on Wednesday are listed below. Here's why they have jumped higher today:
The Bellamy's Australia Ltd (ASX: BAL) share price has stormed 16.5% higher to $11.20 after the infant formula producer announced that it has received SAMR approval for its new formulation-series to be produced at the ViPlus Dairy facility in Toora, Victoria. However, this is a separate application to Bellamy's existing SAMR application to produce its organic series at Camperdown Powder, which remains in progress.
The Pro Medicus Limited (ASX: PME) share price is up 5% to $18.78 after the health imaging company announced that its wholly owned U.S. subsidiary, Visage Imaging, has signed a seven-year contract with Duke Health worth $14 million. The contract will see the company's Visage 7 technology implemented across all of Duke Health's radiology departments and integrated into its electronic health record.
The WiseTech Global Ltd (ASX: WTC) share price has climbed almost 4% to $22.18 despite there being no news out of the logistics solutions company. A number of Australian tech shares have stormed higher today following a positive night of trade on Wall Street's technology-focused Nasdaq index. At the time of writing the S&P/ASX 200 Info Tech index is up an impressive 1.9%.
The Zip Co Ltd (ASX: Z1P) share price has jumped over 7% higher to $2.45. I suspect that bargain hunters may be swooping in today to take advantage of recent share price weakness. Prior to today, the payments company's shares were trading 19% lower than the 52-week high they reached in the middle of the month. Zip Co's shares came under a spot of pressure following the completion of its $42.8 million institutional placement.
