In afternoon trade the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is having a bit of a mixed day and is being weighed down by declines in the telco and financial sectors. At the time of writing the benchmark index is down 0.2% to 5,939 points.
Four shares that have not let that hold them back are listed below. Here's why they have pushed higher:
The BHP Billiton Limited (ASX: BHP) share price is up 3% to $29.80 after improvements in oil and iron ore prices overnight. In addition to this, bargain hunters appear to be snapping up the mining giant's shares after a recent share price weakness. I think below $30.00 BHP's shares are great value and a strong buy.
The Freedom Foods Group Ltd (ASX: FNP) share price has rebounded from recent declines with a 3.5% move higher to $5.17. The food and UHT producer opened the retail component of its $200 million equity raising this morning. Investors appear to have liked what they have seen in its accompanying investor presentation. Eligible shareholders can pick up shares at $4.80 as part of the equity raising.
The Mineral Resources Limited (ASX: MIN) share price has climbed 4% to $18.53. Whilst a lot of lithium-focused miners have pushed higher today after investors returned to the industry, Mineral Resources was given an additional lift from a broker note out of Macquarie. That note revealed that its analysts have an outperform rating and $23.00 price target on the miner's shares.
The Orocobre Limited (ASX: ORE) share price is up 4% to $6.06. The majority of ASX-listed lithium miners or explorers have pushed higher today despite there being no material news out of the sector. I suspect some investors are returning to the sector to take advantage of recent share price weakness. I think there are some good options in the industry right now.
