The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) appears to have put last week's poor performance behind it and has started the week in fine form. In afternoon trade the benchmark index is up 0.7% to 5,718 points.
Four shares which have made notable gains today are listed below. Here's why they have started the week strongly:
The 4DS Memory Ltd (ASX: 4DS) share price has surged higher by 12% to 2.8 cents after the release of a positive announcement out of the semiconductor development company. Architectural changes the company made to its patented Interface Switching ReRAM have improved read access time to such a degree that is now comparable to DRAM. This could be a game-changer for the $40 billion global memory industry.
The Mineral Resources Limited (ASX: MIN) share price has jumped 11.5% to $11.05 following the release of a positive research note out of Deutsche Bank. According to the note, its analysts were impressed with the potential of the miner's lithium asset in Western Australia. As a result, they have upgraded its shares to a buy rating with a $12.00 price target.
The Nearmap Ltd (ASX: NEA) share price has climbed 5.5% to 57 cents despite there being no news out of the aerial imagery company. But with its shares down close to 14% year-to-date, it seems some investors think it has fallen into bargain territory. Whilst it is certainly a high risk investment, I believe the risk/reward on offer with it makes it worth considering today.
The zipMoney Ltd (ASX: ZML) share price is up 4% to 67 cents following the release of a business update. According to the update over $53 million in transaction volume was processed on its buy now, pay later platform during April and May. Furthermore, June is on course to be a record-breaking month. As a result the company now has an annualised run-rate of $360 million. Great news from this promising company.
