The S&P/ASX 200 index has fought back from a weak start and is down just a few points at 6,668.7 points in afternoon trade.
Four shares that have not let that hold them back are listed below. Here's why they have surged higher today:
The Alcidion Group Ltd (ASX: ALC) share price has zoomed 13% higher to 23.2 cents after the health Informatics company announced a three-year agreement with Australian private healthcare provider Healthscope. The two parties will work together to support Healthscope's vision for using data to drive transformation in the way that healthcare is managed and delivered.
The Helloworld Travel Ltd (ASX: HLO) share price has jumped 7% to $4.60 after providing an update on its guidance for FY 2020. According to the release, subject to no material change in trading conditions, management expects EBITDA to be in the range $83 million to $87 million for the 12 months ending June 30 2020. This will be an increase of approximately 7.5% to 12.5% on the $77.3 million EBITDA Helloworld achieved in FY 2019.
The Nearmap Ltd (ASX: NEA) share price has pushed 3% higher to $2.63 despite there being no news out of the aerial imagery technology and location data company. However, with its shares down significantly from their 52-week high, I suspect that bargain hunters could be swooping in today on the belief that they have now bottomed. Even after today's gain the Nearmap share price is down 39% from its high.
The Wattle Health Australia Ltd (ASX: WHA) share price has surged 12% higher to 41.5 cents. This gain appears to have been triggered by yesterday's news that Bellamy's Australia Ltd (ASX: BAL) has received a takeover approach. Some investors may believe that the junior infant formula company could potentially become a takeover target for other Chinese dairy companies. Wattle Health is the company behind the Uganic infant formula range.
