Why these 4 ASX shares are posting solid gains today

In afternoon trade the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has clawed its way out of negative territory and is higher by 0.1% to 6,075 points.

Four shares that have pushed much higher are listed below. Here’s why they are posting solid gains today:

The Auscann Group Holdings Ltd (ASX: AC8) share price has jumped 7% to 73 cents despite there being no news out of the company. Almost all Australian pot stocks have rallied higher today as investors head back into the industry following recent declines.

The Big Un Ltd (ASX: BIG) share price has climbed 8% to $3.71. Last week the company announced a partnership with Zeta Global. Management believes that it is a game-changing deal that will lead to the addition of 50,000 new customers in the first 12 months.

The WiseTech Global Ltd (ASX: WTC) share price is up 2.5% to $14.40. Last week WiseTech announced the acquisition of two leading European customs solutions providers for a total of $13.7 million. Both deals are subject to multi-year earn-outs. This brought the logistic platform provider’s acquisition haul to eleven in 2017.

The Yojee Ltd (ASX: YOJ) share price is 5% higher at 30 cents. Although there was no news out of the company today, investors have been fighting to get hold of its shares since last week’s market update. That update revealed significant growth from its Singapore last mile logistics network.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of WiseTech Global. 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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