The benchmark S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is on course to make it four days of declines in a row. In afternoon trade the index is down 0.6% to 5,840 points.
But not all shares have fallen lower today. These four shares have managed to defy the market and finish the week with a bang:
The Auscann Group Holdings Ltd (ASX: AC8) share price has jumped 16% to 67.5 cents today after the pot stock announced that it had been granted a licence to cultivate medicinal cannabis in Australia. I feel this latest development puts it in a great position to deliver on its aim of becoming a leading producer and supplier of high quality medicinal cannabis to Australian patients.
The CANN GROUP FPO (ASX: CAN) share price has continued to climb higher, this time by 15% to 74 cents. Since debuting on the ASX yesterday, the medicinal cannabis producer's shares have climbed an incredible 146%. Investors appear to be attracted to its experienced board and management team which include former Nufarm, Graincorp, and Incitec Pivot senior staff. Cann Group holds a licence to both research and cultivate medicinal cannabis in Australia. It could be one to watch.
The Macquarie Group Ltd (ASX: MQG) share price is up 3.5% to $95.12 after the investment bank reported its full-year results. Overall I felt Macquarie performed incredibly well during the year and can't say I'm surprised to see its shares touch on all-time highs today. A particular highlight was its 7.5% jump in full-year net profit.
The Telstra Corporation Ltd (ASX: TLS) share price has jumped 4% to $4.40 following the ACCC's decision not to declare mobile roaming. This review was in response to calls for open access to Telstra's extensive mobile network, which would have reduced its competitive advantage. Even after today's gain I still rate Telstra as a buy.
