The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has had a disappointing start to the week and in afternoon trade finds itself down 0.1% to 5,727 points.
Going against the grain today have been four shares in particular. Here's why they have started the week with a bang:
The Aconex Ltd (ASX: ACX) share price has jumped almost 6% to $3.53 despite there being no news out of the software-as-a-service company. With its shares down 37% in the last 30 days, some investors appear to think they have dropped into bargain territory. I would agree with this view and I believe a long-term buy and hold investment could prove to be rewarding in the future.
The Nanosonics Ltd. (ASX: NAN) share price has climbed 7% to $2.73 after the infection control company advised of new guidelines to establish broader requirements for high level disinfection of ultrasound probes internationally. The guidance identifies the company's trophon product as being very efficient, rapid, environmentally friendly and quality-assured.
The QBE Insurance Group Ltd (ASX: QBE) share price is higher by 4.5% to $12.85 following the release of the insurance giant's full-year results. Although the result was reasonably solid and showed a big improvement in the business as a whole, I feel it was QBE's three-year $1 billion buyback that pleased the market the most.
The SMS Management & Technology Limited (ASX: SMX) share price has rocketed 11% to $1.55 after DWS Ltd (ASX: DWS) announced its intention to acquire the information technology services firm for the equivalent of $1.66 per share. The DWS share price has tumbled almost 6% on the news. It seems as though its shareholders may not be keen on acquiring the underperforming business.
