In afternoon trade on Tuesday the S&P/ASX 200 index is on course to give back a good portion of yesterday's gain. At the time of writing the benchmark index is down 0.5% to 6,740.6 points.
Four shares that have not let that hold them back today are listed below. Here's why they are racing higher:
The Domain Holdings Australia Ltd (ASX: DHG) share price is up 4.5% to $3.43. Investors have been buying the property listings company's shares on Tuesday following a broker upgrade. A note out of the Macquarie equities desk reveals that it has upgraded its shares to an outperform rating from neutral. It also lifted the price target on them to $3.60. Macquarie was impressed with Domain's costs management during the first quarter.
The InvoCare Limited (ASX: IVC) share price has climbed 3% higher to $13.86. This morning the funerals company announced another acquisition. According to the release, it has entered into two separate sales agreements. This will see it acquire Batemans Bay & Moruya District Funerals and Broulee Memorial Gardens located on the South Coast of NSW. The proposed acquisition is anticipated to complete this month.
The Jumbo Interactive Ltd (ASX: JIN) share price has raced 5.5% higher to $21.45. Investors have been buying its shares after it announced its expansion into the UK market. The online lottery ticket seller is entering the market via the ₤3 million (~A$5.4 million) acquisition of UK lottery merchant Gatherwell.
The OFX Group Ltd (ASX: OFX) share price is up over 3% to $1.42. The catalyst for this gain was the international payment services company's half year result release this morning. OFX reported a 2.3% lift in underlying EBITDA (excluding corporate action costs) to $16.5 million. This appears to have been better than many had expected given the tough trading conditions.
