It looks set to be a disappointing end to the week for the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO). In early afternoon trade the benchmark index is down 0.5% to 5,752 points, with almost all sectors dropping lower today.
But that hasn't stopped the four shares listed below from storming higher. Here's why they are finishing the week with huge gains:
The Corporate Travel Management Ltd (ASX: CTD) share price has surged higher by 5% to $18.26 following the release of an impressive half-year result. Despite lower airfares restricting total transaction value growth to 9% during the period, the company posted a 26% increase in revenue and other income to $150.5 million. Statutory net profit grew even quicker, up 28% to $22.1 million. I believe this result demonstrates why the travel company could be one of the best shares to own on the ASX.
The Nextdc Ltd (ASX: NXT) share price has rocketed higher by 13% to $3.58 following the release of its first-half result. Thanks to strong demand for its data centres, the company reported a 110% increase in EBITDA to $23.9 million. Management remains confident that NEXTDC is on course to hit its full-year EBITDA guidance of between $46 million to $50 million.
The Resolute Mining Limited (ASX: RSG) share price has jumped 5% to $1.87 after the spot gold price climbed higher overnight. At present the spot gold price is fetching US$1,248 an ounce, up around 1.1% since yesterday. According to Bloomberg, gold rose as a result of the U.S. dollar slipping following the release of the Federal Reserve Open Market Committee minutes.
The Super Retail Group Ltd (ASX: SUL) share price has climbed almost 7% to $10.40 after the retailer reported a 65.7% jump in net profit to $74.4 million. It is worth noting that the strong result was partly due to a favourable shift in its reporting period. Timing benefits contributed approximately $28 million to sales and $7 million to its earnings before interest and tax. But a strong result nonetheless from a retailer on the up.
