The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has had a disappointing day amid rising tensions in North Korea. In afternoon trade the benchmark index is down 1% to 5,653 points.
Four shares which have managed to defy the market and climb higher today are listed below. Here's why they have posted strong gains:
The Altium Limited (ASX: ALU) share price has rocketed 11.5% to $9.47 following the release of its full-year results. After the market closed yesterday Altium announced an impressive full-year profit of US$28.1 million on revenues of US$110.87 million. Furthermore, it announced the acquisition of Canadian printed circuit board design business Upverter. Even after its strong gain this year, I still believe Altium is one of the best buy and hold investments on the ASX.
The Blackmores Limited (ASX: BKL) share price has jumped 7.5% to $97.95 despite the health supplements company posting a 42% drop in full-year profit. Investors appear to be pleased that after a strong second-half, management is confident that Blackmores will return to profit growth in FY 2018.
The Reliance Worldwide Corporation Aus P Ltd (ASX: RWC) share price has continued its post-earnings run and is up 3% to $3.77. On Monday the plumbing parts company posted a 26% increase in net profit after tax to $65.6 million. This clearly impressed the market and has led to its shares rising 14% week-to-date.
The Resolute Mining Limited (ASX: RSG) share price is up 6% to $1.12 after the gold price rose sharply after North Korea's most recent missile launch. At present the spot gold price is fetching US$1,316 an ounce, up almost 2% since this time yesterday. The majority of Australia's gold miners are higher on the news.
