Although the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has been flat at 5,778 points, there have been plenty of big movers on the market today.
Seven shares in particular have stood out. Here's what drove them higher:
The Blackmores Limited (ASX: BKL) share price has rocketed 14% to $114.57 points after the Australian Financial Review reported that China has delayed its new cross border e-commerce laws indefinitely. These laws had threatened to reduce the sales of many leading exporters into the country. So it's no surprise to see shares like Blackmores, a2 Milk Company Ltd (Australia) (ASX: A2M), Bellamy's Australia Ltd (ASX: BAL), and BWX Ltd (ASX: BWX) surge higher today.
The Stemcell United Ltd (ASX: SCU) share price has risen 39% to 23 cents. Stemcell United's shares have been going nuts since announcing plans to enter the medical marijuana space. Whilst the company could yet come up with the goods, at this stage I feel this is as speculative as it comes.
The Spotless Group Holdings Ltd (ASX: SPO) share price has climbed a massive 45% to $1.05 after services company Downer EDI Limited (ASX: DOW) announced its plan to acquire the company for $1.27 billion. This equates to an all cash offer of $1.15 per share. Considering the problems that Spotless has been having, I think this is a decent offer for its shareholders.
The TPG Telecom Ltd (ASX: TPM) share price has jumped 6% to $7.01 following the release of a strong half-year result which saw half-year revenue rise 8% and profit climb 11%. For the full-year management reiterated previous underlying operating profit guidance of between $820 million and $830 million. At the current share price I feel TPG Telecom would be a great investment.
