In afternoon trade the benchmark S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has recovered from a sharp decline in morning trade and is down around 0.1% to 6,174.2 points.
Four shares that have not let that hold them back are listed below. Here's why they are storming higher:
The Bravura Solutions Ltd (ASX: BVS) share price has climbed 6.5% higher to $4.38 despite there being no news out of the fintech company. Earlier today Bravura Solutions' shares hit an all-time high of $4.40. Investors appear to have been impressed with its performance in FY 2018 which saw revenue increase 15% to $221.5 million and underlying NPAT jump 27% to $27 million. Despite its strong gain I still think Bravura is worth considering with a long-term view.
The Experience Co Ltd (ASX: EXP) share price has climbed 3% higher to 38 cents. On Tuesday the adventure company's shares fell to a 52-week low and a level which I felt was very attractive. Experience Co's shares have come under heavy selling pressure this year after unfavourable weather conditions negatively impacted many of its businesses. I expect a much stronger performance in FY 2019.
The Kidman Resources Ltd (ASX: KDR) share price has stormed over 6.5% higher to $1.21. A number of lithium miners are pushing notably higher today. Many lithium miners have seen their respective share prices fall heavily this year amid concerns that a potential oversupply of the white metal could lead to a significant drop in prices. Some traders may feel that the selloff has been overdone.
The Santos Ltd (ASX: STO) share price has climbed over 2.5% to $6.92 after oil prices surged higher. According to Bloomberg, concerns over the imminent arrival of a major hurricane on the U.S. east coast led to the WTI crude oil price rising 3.5% to US$69.91 a barrel. In London the Brent crude oil price climbed 2.7% to US$79.44 a barrel. Brent crude oil rose strongly after it was revealed that France and South Korea are shunning Iranian crude.
