After a disappointing few days the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has bounced back and is up 0.4% to 5,679 points in early afternoon trade.
Four shares climbing more than most today are listed below. Here's why they are finishing the week with a bang:
The Bubs Australia Ltd (ASX: BUB) share price is up almost 8% to 49.5 cents despite there being no news out of the infant formula and baby food company. But with its shares coming down significantly in recent weeks, it appears as though investors are smelling a bargain. Bubs recently raised capital at 45 cents per share.
The G8 Education Ltd (ASX: GEM) share price has continued its strong run and is up 4% to $4.10. The childcare centre operator's shares climbed strongly yesterday when its announced the acquisition of 19 new centres. These centres were bought for $27 million, which works out to be under 4x earnings before interest and tax. As I said yesterday, I feel G8 has done very well from this deal and I can't say I'm surprised to see its shares jump higher.
The NIB Holdings Limited (ASX: NHF) share price is up 5% to $5.98 after the health insurance provider announced the acquisition of specialist corporate private health insurance business, GU Health, for $155.5 million. Investors appear pleased by the synergies that the deal will unlock and the additional premium revenue of $193.5 million it will bring NIB.
The Suncorp Group Ltd (ASX: SUN) share price has climbed almost 3% to $12.94 a day after the insurance giant's AGM. Although its shares fell lower with the market yesterday, today has been a very different story. One broker which appears happy following the AGM is UBS. This morning its analysts put out a research note which revealed that the broker has retained its buy rating and $14.80 price target on Suncorp's shares.
