Why these 4 ASX shares started the week with solid gains

The Afterpay Touch Group Ltd (ASX:APT) share price is one of four starting the week with solid gains…

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After a reasonably solid start to the day the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has sunk into the red in afternoon trade. At the time of writing the benchmark index is down almost 0.2% to 5,950 points.

Four shares which haven't let that hold them back are listed below. Here's why they have started the week with solid gains:

The Afterpay Touch Group Ltd (ASX: APT) share price has climbed 5.5% to $5.49 despite there being no news out of the payments company. This latest gain means its shares have now more than doubled in value this year. On November 20 Afterpay will hold its AGM and is likely to provide a trading update to the market.

The Auscann Group Holdings Ltd (ASX: AC8) share price has continued its strong run and is up 12% to 56 cents. Investors have been snapping up pot stocks this week following news that global beverage giant Constellation Brands has bought a 9.9% stake in Canadian pot stock company and major AusCann shareholder Canopy Growth Corp.

The Orocobre Limited (ASX: ORE) share price is up almost 5% to $5.73. Today's gain appears to be down to increased investor interest in the lithium miners due to the bullish forecasts for electric vehicle adoption. Almost all of the lithium miners are higher today.

The TPG Telecom Ltd (ASX: TPM) share price is up 3% to $5.68. This means the telco company's shares are up over 16% since this time last month. Judging by this gain, investors appear to believe the worst is behind the company now. On December 6 they will find out if this is the case at TPG Telecom's AGM.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of TPG Telecom Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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