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ALL ORDINARIES finishes higher Friday: 8 shares you missed

Australia’s S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) indices finished higher on Friday.

Here’s a short recap of the Australian market:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) higher 0.25% to 6,310.90
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) higher 0.25% to 6,393.10
  • AUD/USD at US 70 cents
  • Gold at US$1,284.71 an ounce
  • Brent Oil at US$70.73 a barrel

The best-performing ASX 200 share today was the TPG Telecom Ltd (ASX: TPM) share price which went up 5% after the ACCC decision and rebuttal.

The Adelaide Brighton Ltd. (ASX: ABC) share price fell 3.7% today as investors had a further negative reaction to yesterday’s profit downgrade.

The share price of REA Group Limited (ASX: REA) rose 0.9% in response to its relatively pleasing March 2019 quarter update showing continued revenue and free cash flow growth.

The Infratil Ltd (ASX: IFT) share price was unmoved because it was in a trading halt with investors learning about a potential takeover of Vodafone New Zealand.

In the ASX 200, the worst performer was the Nufarm Limited (ASX: NUF) share price which declined 4.7%.

Confusion is high about who will manage Blue Sky Alternatives Access Fund Ltd (ASX: BAF) after the listed investment company (LIC) went into a trading halt as Blue Sky Alternative Investments Ltd (ASX: BLA), which was flat today, said it was ceasing negotiations with WAM. However, WAM will try to continue with the proposal.

Finally, the share price of Synlait Milk Ltd (ASX: SM1) fell 4% after it said it was confident in actions about the Pokeno site.

Here are some of today’s top stories:

One ASX Stock For An Estimated $US22 Billion Marijuana Market

A little-known ASX company just unlocked what some experts think could be the key to profiting off the coming marijuana boom.

And make no mistake – it is coming. To the tune of an estimated $US22 billion.

Cannabis legalisation is sweeping over North America, and full legalisation arrived in Canada in October 2018.

Here's the best part: we think there's one ASX stock that's uniquely positioned to profit immensely from this explosive new industry... taking savvy investors along for what could be one heck of a ride.

AND, this is the first time The Motley Fool Australia has EVER put a BUY recommendation on a marijuana stock.

Simply click below to learn more on how you can profit from the coming cannabis boom.

Click here to find out more

 

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia has recommended REA Group 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 Scott Phillips.

One ASX Stock For An Estimated $US22 Billion Marijuana Market

A little-known ASX company just unlocked what some experts think could be the key to profiting off the coming marijuana boom.

And make no mistake – it is coming. To the tune of an estimated $US22 billion.

Cannabis legalisation is sweeping over North America, and full legalisation arrived in Canada in October 2018.

Here’s the best part: we think there’s one ASX stock that’s uniquely positioned to profit immensely from this explosive new industry… taking savvy investors along for what could be one heck of a ride.

AND, this is the first time The Motley Fool Australia has EVER put a BUY recommendation on a marijuana stock.

Simply click below to learn more on how you can profit from the coming cannabis boom.

Click here to find out more