The S&P/ASX 200 index has dropped lower on Friday after trade war concerns weighed on investor sentiment. In afternoon trade the benchmark index is down 0.45% to 6,757.8 points.
Four shares that have not let that hold them back are listed below. Here's why they have pushed higher:
The Lynas Corporation Ltd (ASX: LYC) share price is up 6% to $2.68 after the rare earths producer provided a positive update on its operations in Malaysia. The company advised that comments by the Malaysian prime minister suggested that the removal of potentially radioactive water leach purification residue from the country would not be required as a condition of its Malaysian license renewal.
The ResMed Inc. (ASX: RMD) share price has continued its positive run and is up a further 2% to $19.36. Investors have been fighting to get hold of the company's shares this week following a very impressive full year result. Demand for its shares has been so strong that this morning they reached a new all-time high.
The Resolute Mining Limited (ASX: RSG) share price has raced 10% higher to $1.85. Resolute and the rest of the gold miners have surged higher after the price of the precious metal rebounded strongly due to trade war concerns. In addition to this, a bullish broker note out of the Macquarie equities desk has given Resolute's shares an added boost. The broker held firm with its outperform rating and lifted the price target on its shares to $2.30.
The Sydney Airport Holdings Pty Ltd (ASX: SYD) share price has risen 2.5% to $8.64. With no news out of the airport operator, today's gain may be attributable to a broker note out of UBS this morning. According to the note, the broker has upgraded the company's shares to a neutral rating from sell and lifted the price target on them to $8.50. UBS made the move following a sizeable decline in bond yields.
