In afternoon trade S&P/ASX 200 index has followed the lead of global markets and is on course to end the week on a disappointing note. At the time of writing the benchmark index is down 0.7% to 6,447.3 points.
Four shares that haven’t let that hold them back are listed below. Here’s why they are ending the week on a high:
The Advance NanoTek Ltd (ASX: ANO) share price has rocketed 20% higher to $6.98 after the advanced material technologies company provided a sales update. According to the release, the company has been informed that there has been a surge in demand from the United States. Management advised that there are close to 100T in additional orders at its current pricing. These are believed to have been driven by recent meetings with sunscreen manufacturers.
The Ansell Limited (ASX: ANN) share price is up over 3% to $26.66 after being upgraded by analysts at Credit Suisse. According to the note, the broker has upgraded the personal care products company’s shares to an outperform rating and lifted the price target on them to $27.50. The broker made the move after the price of raw materials eased. It expects the company to benefit from this slightly in the second half, but notably more in FY 2020.
The Aristocrat Leisure Limited (ASX: ALL) share price has pushed higher again and is up 2.5% to $29.12. Investors have been buying the gaming technology company’s shares following the release of an impressive half year result on Thursday. One broker that liked what it saw was Deutsche Bank. It was very pleased with its result and saw enough in it to retain its buy rating and lift its price target to $42.00.
The EML Payments Ltd (ASX: EML) share price has continued its positive run and is up a further 3.5% to $2.49. The payments company has been very busy this week. On Tuesday it announced the acquisition of UK-based shopping centre-focused gift card solutions company Flex-e-Card Limited and yesterday it announced an eight-year agreement with salary packaging and fleet management company Smartgroup Corporation Ltd (ASX: SIQ).
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James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of Emerchants Limited. The Motley Fool Australia has recommended Ansell 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.
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