The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is on course to finish the week with another day in the red. In afternoon trade the benchmark index is down over 0.4% to 5,639.9 points.
Four shares that have defied the market and pushed higher today are listed below. Here's why they are ending the week with a bang:
The Adairs Ltd (ASX: ADH) share price is up almost 5.5% to $1.97 on the day of its annual general meeting. This morning the retailer's management reiterated its guidance of $345 million to $360 million for sales and $47.5 million to $51.5 million for earnings before interest and tax in FY 2019. At the high end of its guidance range it would mean year on year growth of 14.3% and 13.7% respectively. I think this makes Adairs a great option for investors.
The Altium Limited (ASX: ALU) share price has rebounded from yesterday's heavy decline with a 3.5% push higher to $20.79. A good number of Australia's leading tech shares are climbing higher today after their U.S. counterparts rose strongly overnight. News that its non-executive director, Wendy Stops, has been buying shares on-market today may have also gone down well with the market.
The Fortescue Metals Group Limited (ASX: FMG) share price is up 4.5% to $3.80. The iron ore producer's shares were given a lift today by a broker note out of Credit Suisse. According to the note, the broker has held firm with its outperform rating and $5.50 price target following the release of its quarterly update.
The Vita Group Limited (ASX: VTG) share price has rocketed 18% higher to $1.03. This morning the retailer provided a trading update and its guidance for the first half. Following a strong start to the year it expects half-year EBITDA of around $23 million to $24.5 million. This represents a 15% to 23% increase on the prior corresponding period. EBIT is expected to be 15% to 24% higher at around $18 million to $19.4 million.
