It has been a positive day of trade so far for the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO). At the time of writing the benchmark index is up 0.4% to 5,796.1 points.
Four shares that are climbing more than most today are listed below. Here's why they have stormed higher:
The HUB24 Ltd (ASX: HUB) share price is up 6% to $12.98 after the award-winning investment and superannuation platform provider released its December update. During the quarter the company saw net inflows of $1.5 billion, which is the highest for any quarter to date and up 167.4% on the prior corresponding period. One key driver of this impressive quarterly performance was the successful transition of Fitzpatricks Private Wealth in-house MDA to the HUB24 platform.
The Navitas Limited (ASX: NVT) share price is up over 12.5% to $5.52 after the education services provider revealed that the BGH Consortium has come back with a revised offer. The new offer is for $5.825 cash per share, up from $5.50 cash per share. The Navitas board has unanimously recommended the proposal subject to no superior proposal emerging and an independent expert concluding that the proposal is in the best interests of shareholders.
The oOh!Media Ltd (ASX: OML) share price has jumped 6% to $3.78 after rival JCDecaux pulled out of the running for a major City of Sydney outdoor tender it has held since 1997. According to the AFR, the contract is worth $300 million. Investors appear to believe that oOh!Media cold now be favourite to win it.
The Syrah Resources Ltd (ASX: SYR) share price is up over 11% to $1.99. With no news out of the graphite producer, today's gain is likely to be attributable to a broker note out of Credit Suisse. According to the note, the broker was pleased with yesterday's production update and has retained its outperform rating and massive $5.50 price target on its shares. It has suggested that the strong operational performance could lead to a re-rating of its shares.
