The S&P/ASX 200 index is on course to start to the week on a disappointing note. In afternoon trade the benchmark index is down 0.5% to 6,354.1 points.
Four shares that haven't let this hold them back are listed below. Here's why they have stormed higher:
The Bubs Australia Ltd (ASX: BUB) share price has raced a further 13% higher to $1.22. Investors have been fighting to get hold of the goat milk infant formula company's shares after it announced both the completion of its Australia Deloraine Dairy acquisition and a deal with Chemist Warehouse. Management believes the Deloraine Dairy acquisition leaves Bubs well placed to advance its vision of being a leading player in the infant milk formula and infant nutritionals markets both at home and in the massive China market.
The G8 Education Ltd (ASX: GEM) share price is up 4.5% to $3.10 after Labor announced that it would spend $4 billion over four years to make childcare free for most low-income households. In addition to this, a federal Labor government would aim to make childcare cheaper for families that earn up to $174,000.
The Splitit Ltd (ASX: SPT) share price has rocketed 23% higher to $1.14 after the payments company released its first quarter update. During the quarter Splitit added 57 new retailers to its platform to take its total to 437. It also reported that it transacted with 42,000 new shoppers during the quarter, taking the total number of Unique Shoppers to 160,000 at the end of the period.
The Zip Co Ltd (ASX: Z1P) share price has zoomed 9.5% higher to $2.72 following the release of its quarterly update. Zip Co reported a 20% increase in quarterly revenue to a record $23 million. In addition to this, Zip Co added an additional 143,000 customers to its platform, taking its total to 1.2 million. Another positive was that its net bad debts reduced to 1.75% from 1.81% in the previous quarter.
