In early afternoon trade the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is higher by a solid 1% to 5,815 points thanks largely to gains in the financial and information technology sectors.
Four shares which have posted notably strong gains today are listed below. Here's why they've jumped higher:
The Boral Limited (ASX: BLD) share price has climbed by 6.5% to $6.26 after the building and construction materials company announced a 12.3% jump in half-year net profit after tax to $153.4 million. For the full-year management held its vague guidance firm, stating that it continues to expect earnings before interest and tax to be higher year-on-year.
The Computershare Limited (ASX: CPU) share price has surged 5.5% to $13.68 following the release of its half-year results. The company posted revenue growth of 7% to $999.1 million and a 4% jump in constant currency earnings per share to 27.1 cents. Pleasingly, management also increased its full-year earnings per share guidance to between 56 cents and 58 cents in constant currency terms.
The Praemium Ltd (ASX: PPS) share price has jumped 6% to 44.5 cents despite there being no news out of the fintech company. Earlier this week Praemium reported record half-year EBITDA of $2.6 million, a 39% increase on the first-half of FY 2016. Although its shares are not cheap at 41x estimated FY 2017's earnings, I believe the company is definitely worth a closer look.
The Sealink Travel Group Ltd (ASX: SLK) share price has rebounded 3.5% to $4.59. The travel company's shares sunk lower yesterday after it posted a mixed half-year result. But SeaLink was given a boost this morning after a research note out of Ord Minnett revealed that its analysts have retained their buy rating and $5.00 price target on its shares.
