The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) looks set to end its winning streak on Wednesday. At the time of writing the benchmark index has followed international markets lower and is down 0.6% to 6,021 points.
Four shares that have defied the market and made notably solid gains today are listed below. Here's why they have climbed higher:
The Costa Group Holdings Ltd (ASX: CGC) share price is up over 5% to $7.20 a day after the release of its half-year results. One broker that was particularly impressed with the horticulture company's results and guidance increase was Macquarie. A note out of the broker reveals that its analysts have retained their outperform rating and increased the price target on its shares to $7.60.
The Noni B Limited (ASX: NBL) share price has climbed 6.5% to $2.28 following the release of the retailer's half-year results. For the six months ended December 31, Noni B delivered revenue growth of 35.1% to $193.2 million. This led to profit growth of 379.5% to $11.8 million, allowing the company to resume its interim dividend. Noni B declared a fully franked interim dividend of 9 cents per share, bringing its trailing yield to a generous 5.7%.
The Pilbara Minerals Ltd (ASX: PLS) share price is up 12.5% to 93.2 cents after the lithium developer announced that it has entered into a broad-based strategic relationship with leading South Korean industrial conglomerate POSCO. As per the agreement, POSCO has made an immediate upfront A$79.6 million direct equity investment at a premium of 97 cents per share.
The Speedcast International Ltd (ASX: SDA) share price has bounced back from yesterday's decline and is up 5% to $5.48. The provider of satellite-based communication networks and services was given a lift this morning after the release of a favourable broker note out of UBS. According to the note, the broker has retained its buy rating and lifted the price target on Speedcast's shares to $5.80.
