World news – GB – Why are Fletcher Building, Santos, Vitalharvest and & Webjet stocks soaring

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Motley Fool Australia »Share Gainers» Why are Fletcher Building, Santos, Vitalharvest and & Webjet stocks soaring

James Micklboro | November 10, 2020 12:41 pm | More on: FBU STO VTH WEB

In Tuesday afternoon trade, the S&P / ASX 200 (ASX: XJO) index is on track to post another strong gain at the time of writing, the benchmark index was greater than 155% to 6,3973 points

Here are four stocks that rose more than most today. Here are the reasons for their storming:

The Fletcher Building’s share price jumped 16% to $ 4 85 Investors bought the Building Products Corporation shares after the release of the Trading Update This update reveals that the Fletcher Building has started strongly in fiscal year 2021 for the first four months of the fiscal year, its earnings before interest and taxes have increased ( EBIT) accepted significant items by NZ $ 80 million or 544% to NZ $ 227 million

Santos stock price rose nearly 11% 5% higher to $ 5 58 The catalyst for this strong rally was an overnight oil price spike following news of a potential effective COVID-19 vaccine There are hopes that this vaccine will return to normal life faster than expected and support a recovery in oil demand

Vitalharvest share price rose 22 points 5% higher to 962 cents The company confirmed this morning that Macquarie Infrastructure and Real Assets (MIRA) has offered to acquire the company for $ 100 per unit by this confidence chart represents an attractive 27 3% premium on top of the last closing price

Webjet’s share price jumped more than 14% to $ 4 89 The catalyst for that of course was news of the COVID-19 vaccine With Pfizer suggesting it might start rolling out the vaccine before the end of the year, investors are optimistic that the travel market can recover faster than A number of other travel stocks are expected to post exceptionally strong gains on Tuesday.

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Motley Fool shareholder James Mickleboro has no position in any of the listed stocks Motley Fool Australia owns shares in Webjet Ltd and has recommended them. We « fools » may not all have the same views, but we all believe that thinking about a variety of ideas makes us Better Investors Motley Fool has a Disclosure Policy This article contains general investment advice only (under AFSL 400691) Authorized Scott Phillips

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