In early afternoon trade the S&P/ASX 200 Index (ASX: XJO) is on course to end the week in a disappointing fashion. At the time of writing the benchmark index is down 1.7% to 5,949 points.
Four shares that have not let that hold them back today are listed below. Here's why they are pushing higher:
The Afterpay Ltd (ASX: APT) share price is up 1.5% to $69.88. Investors have been buying Afterpay and other tech shares today after their U.S. counterparts pushed higher overnight. Although the Dow Jones and S&P 500 indices tumbled lower, the tech-heavy Nasdaq index recorded a solid gain.
The Bapcor Ltd (ASX: BAP) share price is up 2.5% to $6.29. This appears to have been driven by the release of a positive update by Supercheap Auto owner, Super Retail. That update revealed that the Supercheap Auto business recorded a 6.3% increase in like-for-like sales and a 7.6% jump in total sales in FY 2020. This bodes well for Bapcor given their similar target markets.
The NRW Holdings Limited (ASX: NWH) share price is up almost 6% to $1.80. This morning the contract services provider revealed that the Southwest Connex Alliance has been named as the preferred proponent for the Bunbury Outer Ring Road project. NRW is a 40% partner in the Southwest Connex Alliance. The project is fully funded for $852 million and is expected to have a duration of three and a half years.
The Super Retail Group Ltd (ASX: SUL) share price is up 9% to $8.85. Investors have been buying the retailer's shares after the release of a stronger than expected full year update. Super Retail revealed that its sales bounced back very strongly in May and June. This led to total sales growth of 4.2% in FY 2020. The company also expects to deliver growth in its pro forma EBITDA. This is expected in the range of $327 million and $328 million, up from $315 million in FY 2019. This excludes one-offs such as employee underpayment remediation costs.
