The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is on course for a positive finish to the week. It is up 0.3% to 5,709.2 points in afternoon trade.
Four shares that are climbing more than most today are listed below. Here's why they are ending the week with a bang:
The Accent Group Ltd (ASX: AX1) share price has surged 12% higher to $1.24 after the footwear retailer provided a positive trading update at its annual general meeting. Accent advised that the first 20 weeks of FY 2019 have been "materially stronger" than expected. In light of this, the company is on course to post first half EBITDA growth in the range of 15% and 20% on the prior corresponding period.
The BlueScope Steel Limited (ASX: BSL) share price is up over 3% to $12.52. This morning the steel producer reaffirmed its profit guidance at its annual general meeting. This appears to have gone down well with the market as many investors had been concerned that BlueScope might be next in line to issue a profit downgrade due to the housing construction slowdown and narrowing steel price spreads.
The Pushpay Holdings Ltd (ASX: PPH) share price has pushed 4.5% higher to $2.88 despite there being no news out of the fintech company. However, with the Pushpay share price hitting a 52-week low yesterday, bargain hunters appear to be swooping in today. I think the payments company's shares look attractive at this level, though they are not without risk given their premium valuation.
The Super Retail Group Ltd (ASX: SUL) share price is up 2.5% to $7.13. I suspect that investors have been buying Super Retail's shares today after both Accent Group and Kathmandu Holdings Ltd (ASX: KMD) released trading updates that demonstrate that the retail sector isn't struggling like many feared. I think Super Retail's shares are great value at just 10x trailing earnings.
