Australia’s S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) indices finished lower on Monday.
Here’s a short recap of the Australian market:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) lower 0.82% to 6,283.70
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) lower 0.89% to 6,369.90
- AUD/USD at US 70 cents
- Gold at US$1,282.50 an ounce
- Brent Oil at US$69.34 a barrel
The best-performing ASX 200 share today was the Domain Holdings Australia Ltd (ASX: DHG) share price which went up 2.8%.
An even stronger riser today was the Bubs Australia Ltd (ASX: BUB) share price going up 11.3% with it announcing a cow-based organic grass-fed infant formula range of products.
The Westpac Banking Corp (ASX: WBC) share price dropped 1.2% because its half year result showed a large decline of profit.
The share price of Cimic Group Ltd (ASX: CIM) dropped over 7% after a negative report was issued from a short seller about its accounting.
The fish industry faced a battering today with the share price of Huon Aquaculture Group Ltd (ASX: HUO) falling 5.6% after announcing some negative reasons for a drop in its expected harvest. The Tassal Group Limited (ASX: TGR) share price also dropped 6.1%.
The Bellamy’s Australia Ltd (ASX: BAL) share price dropped 7% today, making it one of the heaviest declines in the ASX 200.
Finally, the share price of Zip Co Ltd (ASX: Z1P) reversed some of its recent gains as it dropped more than 5% today.
Here are some of today’s top stories:
- Has Trump triggered a $754 billion May market meltdown?
- Should you pay for everything using a credit card?
- 2 ETFs to buy for wealth and simple investing
- Leading brokers name 3 ASX shares to buy today
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.
- NEW: Free report names top 3 ASX dividend shares to buy for 2019
- Top analysts name their top 3 ASX blue chip shares for 2019
- Richest man alive issues dire warning
- 3 quality dividend shares to boost your income
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The Motley Fool's purpose is to help the world invest, better. Click here now for your free subscription to Take Stock, The Motley Fool's free investing newsletter. Packed with stock ideas and investing advice, it is essential reading for anyone looking to build and grow their wealth in the years ahead. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson. 2019