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Why these 4 ASX shares started the week with strong gains

It has been a reasonably disappointing start to the week for the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO). In afternoon trade the benchmark index is down 0.2% to 6,018 points.

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

The a2 Milk Company Ltd (Australia) (ASX: A2M) share price is up 3% to $6.90. This morning the dairy company released a presentation and market update for the UBS Australasia conference. According to the update, a2 Milk’s estimated share of the Chinese infant formula market has increased to 4.1% from 3.5% previously. The company holds its AGM on November 22.

The Creso Pharma Ltd (ASX: CPH) share price has jumped 10% to 74.6 cents. This morning the medicinal cannabis company announced that it welcomed Canada’s new proposed tax regime for recreational cannabis. The Trudeau Government has proposed a tax of C$1 per gram of legalised recreational cannabis. The company expanded into Canada this year and hopes to benefit from its legalisation.

The Lepidico Ltd (ASX: LPD) share price has continued its strong run and is up a further 22% to 4.4 cents. The lithium exploration, development, and production company’s shares have now risen over 170% in just one month. The company recently announced a placement of shares with lithium mining giant Galaxy Resources Limited (ASX: GXY). Lepidico is definitely one to watch in the future in my opinion.

The Praemium Ltd (ASX: PPS) share price is up 5% to 64.2 cents after the fintech company advised that funds under administration (FUA) across its global platforms and funds have surpassed $7 billion. Impressively, this means that Praemium has added $1 billion in FUA in less than six months.

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Motley Fool contributor James Mickleboro owns shares of Galaxy Resources Limited. The Motley Fool Australia owns shares of A2 Milk. 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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