Why these 4 ASX shares posted solid gains today

The Corporate Travel Management Ltd (ASX:CTD) share price is one of four posting gains today. Here's why…

| More on:
a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

It has been another disappointing day for the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO). In early afternoon trade the benchmark index is down 0.2% to 5,959 points.

Four shares which haven't let that hold them back are listed below. Here's why they have posted solid gains today:

The Bapcor Ltd (ASX: BAP) share price is higher by 2% to $5.59. Today's gain may be in relation to Amazon's underwhelming launch on Tuesday. Several retail shares have been given a boost by its less than competitive pricing.

The Corporate Travel Management Ltd (ASX: CTD) share price has climbed almost 4% to $20.24 following the release of a positive broker note out of Morgans. The broker has upgraded the travel company's shares to an add rating with a $23.00 price target following a recent sell-off. I would agree that the company is a great option right now.

The Family Zone Cyber Safety Ltd (ASX: FZO) share price is up almost 5% to 66 cents after it announced the raising of $5 million via an oversubscribed share placement at 60 cents per share. Management intends to use the funds to accelerate the cyber safety company's growth. I think it will be one to watch in 2018.

The Nextdc Ltd (ASX: NXT) share price is up 2.5% to $5.74 despite there being no news out of the data centre operator. But considering its strong long-term growth prospects as a result of the rise of cloud computing, I can't say I'm surprised to see its shares closing in on their all-time high.

Motley Fool contributor James Mickleboro owns shares of NEXTDC Limited. The Motley Fool Australia owns shares of Bapcor and Corporate Travel Management Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on ⏸️ Investing

A white and black robot in the form of a human being stands in front of a green graphic holding a laptop and discussing robotics and automation ASX shares
Technology Shares

Joining the revolution: How I'd invest in ASX AI shares right now

Advances in artificial intelligence (AI) could usher in a new industrial revolution. Here’s how you can invest in it.

Read more »

Close up of baby looking puzzled
Retail Shares

What has happened to the Baby Bunting (ASX:BBN) share price this year?

It's been a volatile year so far for the Aussie nursery retailer. We take a closer look

Read more »

woman holds sign saying 'we need change' at climate change protest
ETFs

3 ASX ETFs that invest in companies fighting climate change

If you want to shift some of your investments into more ethical companies, exchange-traded funds can offer a good option

Read more »

a jewellery store attendant stands at a cabinet displaying opulent necklaces and earrings featuring diamonds and precious stones.
⏸️ Investing

The Michael Hill (ASX: MHJ) share price poised for growth

Investors will be keeping an eye on the Michael Hill International Limited (ASX: MHJ) share price today. The keen interest…

Read more »

ASX shares buy unstoppable asx share price represented by man in superman cape pointing skyward
⏸️ Investing

The Atomos (ASX:AMS) share price is up 15% in a week

The Atomos (ASX: AMS) share price has surged 15% this week. Let's look at what's ahead as the company build…

Read more »

Two people in suits arm wrestle on a black and white chess board.
Retail Shares

How does the Temple & Webster (ASX:TPW) share price stack up against Nick Scali (ASX:NCK)?

How does the Temple & Webster (ASX: TPW) share price stack up against rival furniture retailer Nick Scali Limited (ASX:…

Read more »

A medical researcher works on a bichip, indicating share price movement in ASX tech companies
Healthcare Shares

The Aroa (ASX:ARX) share price has surged 60% since its IPO

The Aroa (ASX:ARX) share price has surged 60% since the Polynovo (ASX: PNV) competitor listed on the ASX in July.…

Read more »

asx investor daydreaming about US shares
⏸️ How to Invest

How to buy US shares from Australia right now

If you have been wondering how to buy US shares from Australia to gain exposure from the highly topical market,…

Read more »