In afternoon trade the S&P/ASX 200 index is on course to finish the day notably lower due to trade war concerns. At the time of writing the benchmark index is down 1% to 6,233.1 points.
Four shares that have not let that hold them back are listed below. Here's why they have charged higher today:
The Bubs Australia Ltd (ASX: BUB) share price has surged 6% higher to $1.30 despite there being no news out of the infant formula and baby food company. However, its shares fell around 13% on Monday due to profit taking. Some investors may believe that this was a buying opportunity and have been snapping up shares today.
The Evolution Mining Ltd (ASX: EVN) share price has rocketed 7.5% higher to $3.58 following an increase in the gold price overnight. Due to the market volatility, the spot gold price climbed over 1% to break through the key US$1,300 an ounce level. The majority of Australia's leading gold miners have stormed higher today, leading to the S&P/ASX All Ords Gold index rising by a healthy 3.1%.
The InvoCare Limited (ASX: IVC) share price has pushed 3.5% higher to $15.12 after the funerals company released a first quarter update ahead of its annual general meeting. According to the update, due to improved trading conditions and the number of deaths beginning to revert to the long-term trend, in the first quarter InvoCare posted a 7.8% increase in gross sales revenue compared to the prior corresponding period. It also reported a meaningful improvement in its margins.
The iSignthis Ltd (ASX: ISX) share price has raced 10.5% higher to 37.5 cents after the leading emoney, payments, and identity technology company announced that it has achieved a break even position on a weekly cash run rate basis. According to the release, the company's gross profit now comfortably exceeds its group operating costs and will be contributing positively to the company's earnings before interest and tax line.
