In early afternoon trade the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has just managed to keep its head above water and is higher by 0.1% to 5,737 points.
Although the market as a whole is finding gains hard to come by, five shares in particular aren't. Here's why their respective share prices have rocketed today:
Alexium International Group Ltd (ASX: AJX) shares are up 9% to 66.5 cents after the company signed an agreement with New York-based Pegasus Home Fashions worth an initial US$10 million. Alexium will supply Pegasus with its Alexicool chemistry for the bedding pillows market across the USA. Up to 6,500 U.S. retailers are expected to stock the new Pegasus Cool-Touch pillows.
Bubs Australia Ltd (ASX: BUB) shares have continued to rocket higher, this time by a staggering 63% to 22 cents. The shares of this infant formula and baby food manufacturer have now more than doubled since listing on the ASX at 10 cents yesterday. I like the look of Bubs, but at the current price there is now an awful lot of growth baked into it. Definitely one to keep a close eye on.
TPG Telecom Ltd (ASX: TPM) shares have climbed over 3% to $7.07 despite there being no news out of the telco company. At just 16x estimated FY 2017's earnings TPG Telecom looks to be a bargain buy in my eyes, so I'm not at all surprised to see investors grab hold of its shares. The same can be said for Vocus Communications Limited (ASX: VOC) which has also seen its share price edge higher today.
SmartTrans Holdings Limited (ASX: SMA) shares have surged 33% to 1.6 cents after the software company announced a formal agreement with Shanghai Stock Exchange-listed digital marketing agency Shanghai Dodoca. Later this month the two companies will launch a Chinese e-commerce platform on WeChat for Australian products. Dodoca will build and market the platform and SmartTrans will handle the billing and payments.
