It has been a day to forget for the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO). With every sector in the red, the benchmark index is down a whopping 1.5% to 5,686 points.
But going against the grain and climbing higher today have been four shares in particular. Here's why they have bolted higher:
The Bellamy's Australia Ltd (ASX: BAL) share price has jumped almost 4% to $4.58 today. The infant formula company has now seen its shares rise over 17% this week following news 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.
The Creso Pharma Ltd (ASX: CPH) share price has surged 18% higher to 82.5 cents after coming out of its trading halt. This morning the pot stock announced the signing of a commercial agreement in Brazil as part of expansion into the Latin American market. Today's gain means its shares have now gained over 211% since this time last month.
The Nufarm Limited (ASX: NUF) share price has climbed 4.5% to $9.78 after the release of a solid half-year result. A 67% increase in underlying net profit after tax impressed investors enough to send its shares to a five-year high in morning trade. Whilst I thought the result was very strong, I think Nufarm looks fully valued now.
The Premier Investments Limited (ASX: PMV) share price is up 5% to $14.46 a day after the release of its first-half results. The solid result led to two leading brokers upgrading its shares to buy ratings this morning. I would have to agree with Credit Suisse and Deutsche Bank that this fast-growing retailer would be a good investment.
