The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has certainly had a fantastic start to the week. In early afternoon trade the benchmark index is up 1.1% to 5,740 points thanks to gains in almost all sectors.
Four shares which have performed even better than the market today are listed below. Here's why they have started the week with a bang:
The a2 Milk Company Ltd (Australia) (ASX: A2M) share price is up 4% to $6.11. The milk and infant formula company's shares have been on a tear in recent weeks, rallying over 20% since this time last month. While I think a2 Milk could be a great long-term investment, I would wait for a pullback in its share price.
The Beach Energy Ltd (ASX: BPT) share price has stormed 11% higher to 91.7 cents after the company advised that its institutional entitlement offer had been very successful. The company Is raising funds to fund its transformational acquisition of Lattice Energy from Origin Energy Ltd (ASX: ORG).
The Galaxy Resources Limited (ASX: GXY) share price has continued its strong run with a 3.5% gain to $2.69. This latest gain means that the lithium miner's shares have rallied 62% in three months thanks to optimism over global lithium demand. Galaxy also received a boost last month when Morgan Stanley upgraded the price target on its shares to $3.00.
The Mayne Pharma Group Ltd (ASX: MYX) share price is up 5% to 69.5 cents despite there being no news out of the pharmaceutical company. Mayne Pharma's shares have been amongst the more volatile shares on the share market in recent months due partly to investors being largely undecided on whether it is dirt cheap or a value trap.
