Business
Why Codan, Pro Medicus, Uniti, & Zip shares are storming higher
It has been another positive day of trade for the S&P/ASX 200 Index (ASX: XJO) on Thursday. In afternoon trade the benchmark index is up 0.85% to 6,736 points.
Four shares that are climbing more than most today are listed below. Here’s why they are storming higher:
The Codan share price has jumped 10% to $11.08. Investors have been buying the metal detector-focused electronics products company’s shares since it provided guidance for the first half of FY 2021 on Wednesday. Codan has been experiencing very strong demand for its metal detectors and expects this to lead to a net profit after tax of $40 million for the half. This is almost double the $22.2 million it achieved in the prior corresponding period.
The Pro Medicus…
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