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) higher 0.49% to 6,718.00
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) higher 0.45% to 6,800.80
- AUD/USD at US 70 cents
- Gold at US$1,433.55 an ounce
- Brent Oil at US$63.06 a barrel
The share price of fintech business Hub24 Ltd (ASX: HUB) jumped 8.7% as it reversed the decline of yesterday.
The Bravura Solutions Ltd (ASX: BVS) share price declined 4.7% as it looks like it won’t be successful with its attempted takeover.
The worst decline in the ASX 200 belonged to the Pilbara Minerals Ltd (ASX: PLS) share price which fell 5.8%.
Retirement village operator Aveo Group (ASX: AOG) saw its share price rise 2.8% after confirming that Brookfield Property Group is the preferred party in Aveo’s strategic review.
Finally, the share price of Think Childcare Limited (ASX: TNK) increased by 2.4% after announcing news of acquisitions and further planned childcare centres with incubators.
Here are some of today’s top stories:
- What does no debt and a high return on equity show us about a2 Milk and Magellan shares?
- How to have the right mentality with your money
- The Australian Finance Group share price has now doubled since the Royal Commission
- 2 exotic ASX ETFs to spice up your portfolio
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.
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 Hub24 Ltd. The Motley Fool Australia owns shares of and has recommended Bravura Solutions Ltd. The Motley Fool Australia owns shares of Class Limited. The Motley Fool Australia has recommended Hub24 Ltd. 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.