It has been a disappointing end to the week for the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO). In afternoon trade the benchmark index is down 0.7% to 5,748 points following a sharp drop in oil prices.
But not all shares are finishing the week in the red. In fact, the four shares below are finishing with strong gains. Here's what you need to know:
The Creso Pharma Ltd (ASX: CPH) share price has surged almost 8% to 47.5 cents. Pot stocks have been out of favour in the last couple of weeks, but traders appear to have returned this week to snap up shares at cheaper prices. Unlike other medicinal cannabis companies, Creso Pharma intends to provide products for both the animal and human health markets.
The OceanaGold Corporation (ASX: OGC) share price has jumped 4% to $4.48 today. OceanaGold is one of a number of gold miners which are climbing higher despite the spot gold price remaining relatively flat. With the local market sinking lower, traders appear to have taken flight to safe haven assets.
The Sigma Healthcare Ltd (ASX: SIG) share price has bounced back after its sharp decline this week with a 5% jump to 79.2 cents. Some investors appear to think the company behind the Amcal and Chemist King brands is in bargain territory after a 35% drop this week. Although it does look dirt cheap now, I am concerned that profit growth could elude the company for the next few years. For that reason I'm staying away from its shares.
The Super Retail Group Ltd (ASX: SUL) share price is up 3% to $7.49. The retailer behind the Super Cheap Auto and Amart brands has found itself caught up in the retail sell-off this month. Prior to today its shares were down 23% month-to-date. This appears to have put them in bargain territory as far as some investors were concerned.
