At lunch the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has bounced back from yesterday's decline and is up 0.5% to 6,232.3 points.
Here's what has been happening on the benchmark index on Wednesday:
Tech shares rise.
A number of popular tech shares have continued their strong form and pushed higher again on Wednesday. The Appen Ltd (ASX: APX) and the WiseTech Global Ltd (ASX: WTC) share price are up 4.5% and 3.5%, respectively, at lunch.
Domino's shares edge higher.
The Domino's Pizza Enterprises Ltd (ASX: DMP) share price is up 1% at lunch after being the subject of a positive broker note out of Goldman Sachs. According to the note, the broker has upgraded the pizza chain operator's shares to a buy rating with a $50.50 price target.
Nickel producers rise.
Leading nickel producers Independence Group NL (ASX: IGO) and Western Areas Ltd (ASX: WSA) have been strong performers on Wednesday. Both shares are up over 5% at lunch after nickel prices climbed higher. Earlier this week the nickel price climbed to a six month high due to supply concerns.
Metcash shares lower.
The Metcash Limited (ASX: MTS) share price is down over 3% at lunch. Prior to today the wholesale distributor's shares were up 8% this week following a positive reaction to its strategy update. One broker that wasn't overly impressed was Citi. On Tuesday the broker retained its sell rating and $2.45 price target on Metcash's shares.
Best and worst performers.
The best performer on the ASX 200 on Wednesday has been the Bellamy's Australia Ltd (ASX: BAL) share price which is up 8.5%. This has stretched its weekly gain to a massive 34%. Going the other way is the Perpetual Limited (ASX: PPT) share price which is down 4%. The majority of this decline is attributable to the fund manager's shares trading ex-dividend this morning for its $1.25 interim dividend.
