Local investors are enjoying their second consecutive day of solid gains today, with the S&P/ASX 200 (Index: ^AXJO) (ASX:XJO) rising 1.08% to 5,471 points.
Every sector, with the exception of the healthcare sector, is trading in positive territory with the strongest gains coming from the materials, industrials and telecommunications sectors.
The positive sentiment has certainly helped a number of shares to move sharply higher today, including:
Netcomm Wireless Ltd (ASX: NTC)
Shares of Netcomm Wireless have soared more than 25% today after the company announced a new distribution agreement with the NBN. Although no specific unit volumes have been contracted yet, the communications company believes the new deal with have a material impact on its revenues in the coming financial years. Today's positive development will certainly be welcomed by investors who have seen the shares fall steeply since August.
Webjet Limited (ASX: WEB)
Shares of Webjet have soared more than 7.4% after the company provided another upbeat outlook at its AGM today. The online travel agent confirmed that it continues to experience strong bookings growth across all of its business units with especially strong growth coming from its business-to-business (B2B) hotels division. Webjet also said that it expects FY17 EBITDA to come in at $78 million, although this will include the proceeds from its recent sale of Zuji.
Programmed Maintenance Services Limited (ASX: PRG)
Shares of Programmed Maintenance have spiked more than 9% today after the company announced a 36% increase in underlying first half profits. Pleasingly for investors, the project services company also re-affirmed its previous full-year EBITDA guidance of ~$100 million (before significant items). This is clearly much better news for investors, after the shares were smashed earlier this year following a severe profit downgrade.
Bellamy's Australia Ltd (ASX: BAL)
Shares of Bellamy's have climbed more than 4.7% today, despite the absence of any news from the company. It appears investors are putting their concerns about the well-publicised changes to Chinese import laws to one side after yesterday's impressive trading update from fellow formula maker, a2 Milk Company Ltd (Australia) (ASX: A2M). Both shares have now gained around 9% over the last two sessions, although a2 remains the standout performer over the past 12 months with a gain of 113%.
