In afternoon trade the S&P/ASX 200 index is on course to finish the day in the red due to global trade war concerns. At the time of writing the benchmark index is down 0.4% to 6,268.7 points.
Four shares that have not let that hold them back are listed below. Here's why they have climbed higher:
The Dicker Data Ltd (ASX: DDR) share price has surged 7% higher to $4.61 following the release of its first quarter results. Those results revealed that Dicker Data has had a strong start to FY 2019, achieving total revenue growth of 21.1% to $386.9 million and profit before tax growth of 46.7% to $13.5 million. This was driven by the strong performance across all its vendor partnerships.
The FlexiGroup Limited (ASX: FXL) share price has rocketed 17% higher to $1.58 after it provided an update on the performance of its buy now, pay later platform. FlexiGroup announced several major new additions to its humm platform including IKEA today. The company describes the platform as an "innovative and differentiated customer offer which enables shoppers to spend from $1 up to $30,000 completely interest free."
The Northern Star Resources Ltd (ASX: NST) share price has risen 3.5% to $8.69. Investors have been buying the gold miners today after the market volatility sent the gold price climbing higher. Almost all of Australia's leading gold miners are trading notably higher today, leading to the S&P/ASX All Ords Gold index pushing 1.6% higher at the time of writing.
The TPG Telecom Ltd (ASX: TPM) share price has risen almost 3% to $7.22. Investors may be buying the telco company's shares in anticipation of a favourable ruling from the ACCC tomorrow in relation to its proposed merger with Vodafone Australia. I suspect the ACCC may allow the merger to go ahead after TPG Telecom cancelled the rollout of its own mobile network.
