Although it started strongly the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has slipped into negative territory at lunch and is lower by 0.3% to 5,636 points.
But not all shares have sunk lower today. In fact, the following four shares have stormed significantly higher. Here's why:
BWX Ltd (ASX: BWX) shares are up 10% to $4.72 after the personal care company released its half-year results. Half-year net profit after tax rose 30.2% to $8.2 million thanks largely to the strong domestic performance of its Sukin brand. Furthermore, exports of its Sukin range have more than doubled since the first half of FY 2016. An impressive result from an exciting company.
Resolute Mining Limited (ASX: RSG) has jumped 4.5% to $1.74 today. Resolute and the rest of the gold miners were given a lift when the spot gold price rose to US$1,244 an ounce overnight. Whilst I expect the gold price will retreat over the next few months, the upcoming European elections could potentially offer some support to prices.
SKYCITY Entertainment Group Limited-Ord (ASX: SKC) shares have climbed 4.5% to $3.76 after the hotel and casino operator released its half-year report. Although a bit of a mixed bag, investors appear pleased with the strong performance of the company's Auckland casino. That casino delivered a 12.7% increase in earnings before interest and tax to NZ$105.1 million, offsetting declines in its Australian venues.
Vocus Group Ltd (ASX: VOC) shares are up almost 5% to $4.20 despite there being no news out of the telco company. But with its shares changing hands at just under 14x trailing earnings, I can't say I'm surprised to see investors grab hold of them today. Its earnings release later this month will no doubt be one of the most eagerly anticipated releases this earnings season.
