Why Bubs, HUB24, OceanaGold, & Splitit shares are ending the week with a bang

The Bubs Australia Ltd (ASX:BUB) share price and the Splitit Ltd (ASX:SPT) share price are two of four ending the week with a bang. Here's why…

| More on:
a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

In afternoon trade the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) looks set to finish the week with a disappointing day in the red. At the time of writing the benchmark index is down just over 0.8% to 6,212.2 points.

Four shares that have not let that hold them back today are listed below. Here's why they are ending the week with a bang:

The Bubs Australia Ltd (ASX: BUB) share price is up 5.5% to 74 cents. The goat milk infant formula company's shares have been strong performers this week after it announced a potential joint venture with Beingmate Baby & Child Food Co. in Shanghai. If the joint venture goes ahead it will distribute and promote Bubs infant formula and organic baby food products in the massive China market.

The Hub24 Ltd (ASX: HUB) share price has climbed 3.5% to $13.13 after S&P Dow Jones Indices announced that the investment platform provider would be added to the ASX 200 at the next quarterly rebalance. It will replace struggling auto retailer Automotive Holdings Group Ltd (ASX: AHG) which will be removed from the index on March 18.

The OceanaGold Corp (ASX: OGC) share price has surged 7.5% higher to $4.63 thanks to increased demand for risk off assets. Overnight the European Central Bank spooked markets after it downgraded its growth forecasts and warned about the risk of protectionism. The S&P/ASX All Ords Gold index is up 0.5% at the time of writing.

The Splitit Ltd (ASX: SPT) share price has continued its incredible run and is up a further 14% to $1.53 on Friday afternoon. The payments company's shares have now rallied a devilish 666% since hitting the ASX boards at the end of January. Investors have been buying its shares on the belief that it could be the next Afterpay Touch Group Ltd (ASX: APT).

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of AFTERPAY T FPO. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Share Gainers

a man sits back from his laptop computer with both hands behind his head feeling happy to see the Brambles share price moving significantly higher today
Industrials Shares

Up 39% in a year, is there more growth to come for this ASX 200 share?

IML Equity Analyst Josh Freiman shares his views on a major ASX 200 industrial stock.

Read more »

A young women pumps her fists in excitement after seeing some good news on her laptop.
Share Gainers

Why Catapult, Flight Centre, Nufarm, and Xero shares are storming higher today

These shares are having a strong session on Thursday. But why? Let's find out.

Read more »

drug capsule opening up to reveal dollar signs signifying rising asx share price
Healthcare Shares

3 ASX healthcare shares going gangbusters on Thursday

Investors are sending these ASX healthcare stocks soaring today. But why?

Read more »

A young man talks tech on his phone while looking at a laptop. A financial graph is superimposed across the image.
Share Gainers

Here are the top 10 ASX 200 shares today

The ASX 200 made it three-for-three losses in a row this Wednesday.

Read more »

A young woman wearing overalls and a yellow t-shirt kicks one leg in the air showing excitement over the latest ASX 200 shares to hit 52-week highs
Share Gainers

Why Brickworks, James Hardie, Megaport, and OFX shares are charging higher today

These shares are having a good time on hump day. But why?

Read more »

Fancy font saying top ten surrounded by gold leaf set against a dark background of glittering stars.
Share Gainers

Here are the top 10 ASX 200 shares today

ASX investors endured another day of selling this Tuesday.

Read more »

Man pointing at a blue rising share price graph.
Technology Shares

Guess which ASX 300 tech stock is already up 64% in November!

The ASX 300 tech stock is surging higher this month. But why?

Read more »

A young man punches the air in delight as he reacts to great news on his mobile phone.
Share Gainers

Why ANZ, Block, Neuren, and Pilbara Minerals shares are pushing higher today

These shares are having a solid session on Tuesday. But why? Let's find out.

Read more »