The S&P/ASX 200 index has followed the lead of U.S. markets and is on course to end the week on a positive note. At the time of writing the benchmark index is up 0.7% to 6,591 points.
Four shares climbing more than most today are listed below. Here's why they are ending the week on a high:
The CYBG PLC (ASX: CYB) share price has jumped 7.5% to $2.11. Today's gain appears to be in relation to promising developments in the United Kingdom relating to Brexit. This sent the British pound charging higher. So much so, it had its strongest day of trade in over seven months.
The HUB24 Ltd (ASX: HUB) share price has climbed 2.5% to $12.07. Investors have been buying the investment platform provider's shares today after it released its first quarter update. During the three months to September 30, HUB24 achieved net inflows of $1,238 million. This was a 94% increase on the prior corresponding period and lifted its funds under management to $14.4 billion.
The Michael Hill International Ltd (ASX: MHJ) share price has surged almost 17% higher to 66.5 cents. The jewellery retailer's shares have been on fire today after it revealed that it has had a strong start to FY 2020. In the first quarter Michael Hill reported a 9.7% increase in sales to $124 million. This was driven by an impressive 11.9% increase in group same store sales. The key Australian segment recorded same store sales growth of 6.8% and total sales growth of 2.3%.
The Silver Lake Resources Limited (ASX: SLR) share price has rocketed 12% higher to $1.03. This morning the gold miner released its first quarter update which revealed that it has also had a strong start to FY 2020. Silver Lake produced 61,929 ounces of gold equivalent at an all-in sustaining cost of A$1,260 per ounce. It sold 56,683 ounces of gold and 613 tonnes of copper during the quarter for an average price of A$1,995 per ounce. This means the company is on course to achieve the high end of sales guidance in FY 2020.
