The Motley Fool

ALL ORDINARIES finishes higher Tuesday: 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 Tuesday.

Here’s a short recap of the Australian market:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) higher 0.37% to 6,500.10
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) higher 0.30% to 6,584.40
  • AUD/USD at US 69 cents
  • Gold at US$1,274.89 an ounce
  • Brent Oil at US$72.14 a barrel

The best-performing ASX 200 share today was the Lynas Corporation Ltd (ASX: LYC) share price which rose 14.4% after releasing an investor presentation, although it went into a trading in the afternoon to explain one of its slides.

The big ASX banks had another good day as the RBA and APRA both suggested measures to help the Australian economy. The Commonwealth Bank of Australia (ASX: CBA) share price rose 2% and the Westpac Banking Corp (ASX: WBC) share price went up 2.7%.

The share price of foreign currency exchange business OFX Group Ltd (ASX: OFX) rose 17% after reporting its result to the market.

The ALS Ltd (ASX: ALQ) share price fell 6.3% despite reporting an impressive increase of its profit.

The share price of buy now, pay later business Zip Co Ltd (ASX: Z1P) rose 5.7% after agreeing a partnership with Kmart Australia, which is owned by Wesfarmers Ltd (ASX: WES), which saw its share price fall 0.1%.

Finally, the share price of Technology One Limited (ASX: TNE) fell 13.5% after revealing its result to investors.

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

Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of ZIPCOLTD FPO. The Motley Fool Australia owns shares of and has recommended Wesfarmers 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.

FREE REPORT: Five Cheap and Good Stocks to Buy now…

Our Motley Fool experts have FREE report, detailing 5 dirt cheap shares that you can buy today.

One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…

Another is a diversified conglomerate trading near a 52-week low all while offering a 2.7% fully franked yield…

Plus 3 more cheap bets that could position you to profit over the next 12 months!

See for yourself now. Simply click the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.