Australia’s S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) indices finished higher on Thursday.
Here’s a short recap of the Australian market:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.11% to 6,077.10
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.16% to 6,185.40
- AUD/USD at US 78.3 cents
- Gold at US$1,322.30 an ounce
- Oil at US$61.49 a barrel
The pot stock industry got a huge boost today with news that the Federal Government will allow the export of cannabis-based medicines. Consequently Auscann Group Holdings Ltd (ASX: AC8) went up 53.66%, Creso Pharma Ltd (ASX: CPH) rose 20.6%, Cann Group Ltd (ASX: CAN) rose by 35.42% and Hydroponics Company Ltd (ASX: THC) rose by 30.77%.
Altium Limited (ASX: ALU) was one of the other top performers in the ASX200 today, rising by 2.95%. With no news out of the company it could be investors wanting a piece of the exciting tech company.
Here are some of today’s top stories:
- This top fund manager is buying Telstra Corporation Ltd
- What is MiFID II and how could it dent the bull run on our market?
- Pot stocks rocket on regulation change
- Aussie banks are reportedly blocking some Bitcoin transfers
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Motley Fool contributor Tristan Harrison owns shares of Altium. The Motley Fool Australia owns shares of Altium. 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.