In afternoon trade the S&P/ASX 200 index is on course to finish the week in the red. At the time of writing the benchmark index is down 0.2% to 7,150.5 points.
Four shares that have not let that hold them back today are listed below. Here's why they are ending the week on a high:
The Adairs Ltd (ASX: ADH) share price is up over 6% to $2.55. Investors have been buying the homewares retailer's shares following its half year results release. For the first half of FY 2020, Adairs delivered an 8.6% increase in sales to $178.9 million. This was driven by a 6.9% lift in like for like sales and a 31.6% jump in online sales to $31.6 million. The latter means that 18% of sales are now generated online.
The Fisher & Paykel Healthcare Corp Ltd (ASX: FPH) share price has climbed over 3% to $24.71. Investors have been buying the healthcare company's shares today after it upgraded its revenue and profit guidance for FY 2019. Management made the move after experiencing stronger than expected demand for its Homecare and Hospital products. One of the catalysts for this was strong demand in China following the coronavirus outbreak.
The Mach7 Technologies Ltd (ASX: M7T) share price has jumped 9.5% to 87 cents after the release of its half year results. This morning the medical imaging data management solutions provider reported a 158% increase in half year revenue to $9.1 million. This was driven by new customer contracts and continued growth in contracted annual recurring revenue. Pleasingly, the company recorded its first interim profit and reported positive free cash flow.
The WiseTech Global Ltd (ASX: WTC) share price has rebounded and is up over 5% to $19.86. It looks as though investors believe that the logistics solutions company's shares have bottomed now following a heavy decline this week. WiseTech's shares came under pressure after it downgraded its guidance materially due to the impact of the coronavirus on its business.
