The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is charging higher again today, hitting its highest level in two years. The main bourse was sitting at 5,867 points at the time of writing, up an impressive 0.8% after yesterday's 1.3% rally.
The Aconex Ltd (ASX: ACX) share price has been among the market's top performers during each of those sessions, soaring 8.2% on Tuesday and another 8.1% today, despite the lack of any news from the company during that time. However, the software-as-a-service business has attracted plenty of short-interest recently (meaning, investors are betting on its share price falling). Given how sharply the ACX share price has fallen over the past six months or so, it's possible that Aconex's sharp rise this week could be shorters covering their positions.
The Nearmap Ltd (ASX: NEA) share price has skyrocketed 19.3% today to 52.5 cents. The geospatial mapping business released a business update this morning which said that it is on track to record its strongest trading quarter in the financial year-to-date with the addition of $3 million of incremental annualised contract value. It confirmed that it is on track to achieve its operating earnings (EBITDA) guidance of $4.5 million to $6.5 million for the full year.
The JB Hi-Fi Limited (ASX: JBH) share price has lifted 3.5% today. The JBH share price is now fetching $24.79, up from a recent low of $23.22. Although the retailer hasn't released any news, its rise today could be attributed to news that the Australian Retailers Association has recommended a 1.2% increase in the national minimum wage, representing a rise less than the rate of inflation. The Harvey Norman Holdings Limited (ASX: HVN) share price has also gained 2.1%.
The Myer Holdings Ltd (ASX: MYR) share price has also regained 3.1% so far today after slipping a little over 5% yesterday. Myer's shares rocketed higher earlier in the week on speculation it had become a takeover target, although it confirmed yesterday that it had not had any communications in relation to Monday's trading or any corporate activity.
