The S&P/ASX 200 index has followed the lead of U.S. markets and crashed lower on Monday. In afternoon trade the benchmark index is down a disappointing 1.35% to 6,435.7 points.
Four shares that have defied the selloff and pushed higher are listed below. Here's why they have started the week strongly:
The Adairs Ltd (ASX: ADH) share price has stormed 8% higher to $1.70 following the release of the homewares retailer's full year results. In FY 2019 the company delivered a 9.7% increase in sales to $344.4 million thanks to a combination of new store openings, strong online sales, and positive like for like store sales growth. And while Adairs posted a 1.3% drop in NPAT to $29.6 million, this wasn't as bad as some had feared.
The National Veterinary Care Ltd (ASX: NVL) share price is up 4% to $2.50. This morning the veterinary company reported its full year results and revealed a 43.6% increase in revenue to $118.4 million and a 37.9% lift in underlying net profit after tax to $8.89 million. This strong growth was driven by a massive 32 acquisitions over the period.
The Regis Resources Limited (ASX: RRL) share price has risen 7% higher to $5.38 thanks to a rise in the gold price and the announcement of an acquisition. Regis has paid $20 million cash and up to $5 million in contingent payments for a large strategic tenement holding from Duketon Mining Ltd (ASX: DKM). This acquisition means that Regis now controls 90% of the gold rights in the Duketon Greenstone Belt.
The Resolute Mining Limited (ASX: RSG) share price has rocketed 11% higher to $1.77 thanks to a strong rise in the gold price due to the escalating trade war between the United States and China. Resolute isn't the only gold miner on the rise today. The S&P/ASX All Ords Gold index has climbed an incredible 7.5% higher this afternoon.
