In late morning trade the S&P/ASX 200 Index (ASX: XJO) is on course to end its positive run. At the time of writing the benchmark index is down 1.5% to 6,055.1 points.
Four shares that have not let that hold them back today are listed below. Here's why they are pushing higher:
The Aventus Group (ASX: AVN) share price is up 1% to $2.22. This morning analysts at Macquarie upgraded the shares of the retail park operator to an outperform rating with a $2.57 price target. It believes Aventus is well-placed to benefit from the reopening of Australia. It also estimates that its shares offer a very generous distribution yield of over 8% at the current level.
The Kogan.com Ltd (ASX: KGN) share price has returned from its trading halt and jumped 10% to $13.62. Investors have been buying Kogan's shares after it completed its $100 million placement. These funds will be used by the ecommerce company to make value accretive acquisitions. Kogan intends to raise up to a further $15 million via share purchase plan.
The Newcrest Mining Limited (ASX: NCM) share price has stormed 5% higher to $29.89. This appears to have been driven by the combination of a rise in the gold price and an exploration update. In respect to the latter, the gold miner revealed positive drilling results at Havieron and Red Chris. Management notes that Havieron returned its best drill result to date and sees real potential to further expand this orebody.
The Northern Star Resources Ltd (ASX: NST) share price is up almost 6% to $13.77. This follows a decent rise in the gold price overnight after the U.S. Federal Reserve revealed that it plans to keep interest rates at zero until at least 2022. It isn't just Northern Star (or Newcrest) charging notably higher today. The S&P/ASX All Ordinaries Gold index is up a sizeable 4.8% at the time of writing.
