Although it is off its lows, the S&P/ASX 200 index is on course to start the week on a bitterly disappointing note. In afternoon trade the benchmark index is down 1% to 6,273.7 points.
Four shares that have not let that hold them back are listed below. Here's why they have started the week with a bang:
The Bubs Australia Ltd (ASX: BUB) share price has stormed 13% higher to $1.50 after it announced a supply agreement with Fonterra Australia (ASX: FSF) to produce Bubs Organic new infant formula range. This will make Bubs the first company to offer Australian made certified organic grass-fed cow's milk infant formula. Management advised that the product range will be available in Chemist Warehouse pharmacies across Australia within 3 months.
The Evolution Mining Ltd (ASX: EVN) share price is up 2.5% to $3.15. The gold miner's shares pushed higher after the spot gold price rebounded and demand for safe haven assets increased due to market volatility. A number of gold miners have pushed higher today, leading to the S&P/ASX All Ords Gold index climbing 0.4%.
The FBR Ltd (ASX: FBR) share price has rocketed 20.5% higher to 8.8 cents after the robotics company announced an incorporated joint venture with Brickworks Limited (ASX: BKW). The two companies have established Fastbrick Australia as a special-purpose joint venture company with 50/50 ownership between the parties. It will provide Wall as a Service to the Australian market and is expected to commence operations shortly with a focus on residential construction.
The Titomic Ltd (ASX: TTT) share price has pushed over 4% higher to $2.54 after announcing an agreement with Boeing to deliver additively manufacturing (3D printed) test parts for airplanes. Although the initial trial agreement signed with Boeing is worth only A$170,000 for the company, investors appear to believe it could lead to bigger and better things if successful.
