The Australian sharemarket has surged higher today in response to news that Greece has accepted new austerity measures which saw global equity markets soar overnight. The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) both rose 1.7% with the gains widespread throughout the market.
With that in mind, here are four stocks that are performing strongly for the day…
Fortescue Metals Group Limited (ASX: FMG) surged 5.5% higher to trade at $1.82, after hitting a new six-year low of just $1.61 late last week. Australia's third-largest iron ore miner is responding positively to a minor gain in the iron ore price overnight, together with a boost in market sentiment after Greece finally agreed to new terms with its international creditors.
1-Page Ltd (ASX: 1PG) has continued its remarkable run today, lifting another 10% after it announced that it had signed two Fortune 100 enterprises to its Sourcing Platform. The company also confirmed that it has two of the world's largest technology companies in its list of active clients, while it is in "deep discussions" with some of the remaining top 10 tech firms from the Fortune 100.
BigAir Group Limited (ASX: BGL) announced the acquisition of Applaud IT yesterday morning. Although it was only a small acquisition, costing the Group just $1.2 million, it appears to have caught the market's attention with investors bidding the stock 7.9% higher today. Despite the sudden interest, the stock is still down more than 27% over the last 12 months and could be a reasonable opportunity to buy for long-term investors.
Virtus Health Ltd (ASX: VRT) has regained 3.1% today to trade at $5.32 after hitting a record low of $5.10 last week. Shares of Virtus Health, which is Australia's largest IVF provider, have come under heavy selling pressure in recent weeks after it downgraded its profit guidance and admitted to losing market share. While this is certainly something investors will need to be mindful of in the future, now could be a great time to buy this beaten-down company.
