The S&P/ASX 200 index looks set to end its winning streak after trade war concerns weighed on international markets. At the time of writing the benchmark index is down 0.3% to 6,825 points.
Four shares that have not let that stop them from pushing higher today are listed below. Here's why they are on the rise:
The Genworth Mortgage Insurance Australia (ASX: GMA) share price has rocketed 13.5% higher to $3.35 after the release of a better than expected half year result. During the first half of FY 2019 Genworth recorded a statutory net profit after tax of $88.1 million. This is more than double the $41.9 million the company achieved in the prior corresponding period. This means the company is on course to achieve its full year guidance despite the prevailing tight credit and moderating market conditions.
The Orica Ltd (ASX: ORI) share price is up almost 3.5% to $21.80 a day after the commercial explosives company's investor day event. Investors appear to be pleased to see how the company is leveraging technology to fuel its future growth. The company also held firm with its full year guidance, much to the relief of shareholders.
The Ramelius Resources Limited (ASX: RMS) share price has charged 8.5% higher to $1.01 a day after the release of its full year update. In FY 2019 Ramelius achieved total production of 196,679 ounces at an AISC of A$1,192 an ounce. Looking ahead, management expects production to ramp up in FY 2020 and has provided guidance in the range of 205,000 to 225,000 ounces. And whilst costs are expected to jump in the first quarter, they are forecast to trend lower over the medium term.
The Sezzle Inc (ASX: SZL) share price has continued its post-IPO run with a 21% gain to $2.67. Investors have been fighting to get hold of the buy now pay later provider's shares since it listed on the local market on Tuesday. So much so, Sezzle's shares have now gained 118% since they hit the ASX boards at a listing price of $1.22 per share. Sezzle raised US$30 million from the oversubscribed IPO.
