In afternoon trade the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has started the week with a move higher. At the time of writing the benchmark index is up 0.3% to 5,967 points.
Four shares which have climbed more than most today are listed below. Here's why they have started the week with a bang:
The Bellamy's Australia Ltd (ASX: BAL) share price has climbed 4% to $22.02 despite there being no news out of the goat's milk infant formula and baby food company. In earlier trade Bellamy's shares reached an all-time high of $22.18. The company's shares landed in the S&P/ASX 200 this morning at the quarterly rebalance. This could have opened it up to fund managers that are unable to buy shares from outside the benchmark index.
The Bravura Solutions Ltd (ASX: BVS) share price is up to $2.52. This morning the fintech company's shares were added to the S&P/ASX 300 Index after being included in the latest quarterly rebalance. I think Bravura is a great company and well worth considering. Especially given the success of its increasingly popular Sonata wealth management platform. Sonata revenues grew 35% during the first-half and now account for 55% of its total revenue.
The Kidman Resources Ltd (ASX: KDR) share price is up over 5% to $2.24 after providing an updated mineral resource estimate (MRE) for its Earl Grey operation. According to the release, management has lifted its MRE by 54% to contain 189 million tonnes of 1.50% Li2O or 7.03 million tonnes of lithium carbonate equivalent. This makes the operation one of the world's most significant hard rock lithium deposits.
The Santos Ltd (ASX: STO) share price has risen almost 2.5% to $5.01. A number of energy producers have risen strongly today after the oil price pushed higher at the end of last week. While it wouldn't necessarily be my first pick in the industry, if oil prices continue to climb higher then Santos could be worth a look.
