The S&P/ASX 200 index has been on form again on Wednesday. In afternoon trade the benchmark index is up 0.3% to 6,982.2 points.
Four shares that are climbing more than most today are listed below. Here’s why they are pushing higher:
The Evolution Mining Ltd (ASX: EVN) share price is up by 5.5% to $3.84. A number of gold miners are on the rise today after the gold price edged higher. This appears to be due to concerns that the U.S. and China phase one trade deal will underwhelm the market. The S&P/ASX All Ords Gold index is up a sizeable 3.3% at the time of writing.
The Nufarm Limited (ASX: NUF) share price has jumped 6.5% higher to $6.35. This is despite there being no news out of the crop protection and specialist seeds company on Wednesday. Investors may be optimistic that a significant rain event in eastern Australia will ease the tough trading conditions it has been experiencing.
The TALi Digital Ltd (ASX: TD1) share price has rocketed 14% higher to 5.8 cents. Investors have been buying TALi Digital’s shares after it revealed that it has successfully achieved Google For Education Partner status on a global basis. At one stage the early childhood technology company’s shares were up as much as 35%. This development means that its TALi Detect and TALi Train products will be made available in Google products including G Suite for Education and Google Chromebooks.
The Tyro Payments Ltd (ASX: TYR) share price is up 2% to $3.49. The catalyst for this gain appears to be a broker note out of Morgan Stanley. Its analysts have initiated coverage on the payments company with an overweight rating and $4.15 price target. The broker likes Tyro Payments due to its exposure to a growing card payments market.
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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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.