Why these 4 ASX shares started the week with solid gains

The Afterpay Touch Group Ltd (ASX:APT) share price is one of four starting the week with solid gains…

| More on:
a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

After a reasonably solid start to the day the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has sunk into the red in afternoon trade. At the time of writing the benchmark index is down almost 0.2% to 5,950 points.

Four shares which haven't let that hold them back are listed below. Here's why they have started the week with solid gains:

The Afterpay Touch Group Ltd (ASX: APT) share price has climbed 5.5% to $5.49 despite there being no news out of the payments company. This latest gain means its shares have now more than doubled in value this year. On November 20 Afterpay will hold its AGM and is likely to provide a trading update to the market.

The Auscann Group Holdings Ltd (ASX: AC8) share price has continued its strong run and is up 12% to 56 cents. Investors have been snapping up pot stocks this week following news that global beverage giant Constellation Brands has bought a 9.9% stake in Canadian pot stock company and major AusCann shareholder Canopy Growth Corp.

The Orocobre Limited (ASX: ORE) share price is up almost 5% to $5.73. Today's gain appears to be down to increased investor interest in the lithium miners due to the bullish forecasts for electric vehicle adoption. Almost all of the lithium miners are higher today.

The TPG Telecom Ltd (ASX: TPM) share price is up 3% to $5.68. This means the telco company's shares are up over 16% since this time last month. Judging by this gain, investors appear to believe the worst is behind the company now. On December 6 they will find out if this is the case at TPG Telecom's AGM.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of TPG Telecom 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 Bruce Jackson.

More on ⏸️ Investing

A white and black robot in the form of a human being stands in front of a green graphic holding a laptop and discussing robotics and automation ASX shares
Technology Shares

Joining the revolution: How I'd invest in ASX AI shares right now

Advances in artificial intelligence (AI) could usher in a new industrial revolution. Here’s how you can invest in it.

Read more »

Close up of baby looking puzzled
Retail Shares

What has happened to the Baby Bunting (ASX:BBN) share price this year?

It's been a volatile year so far for the Aussie nursery retailer. We take a closer look

Read more »

woman holds sign saying 'we need change' at climate change protest
ETFs

3 ASX ETFs that invest in companies fighting climate change

If you want to shift some of your investments into more ethical companies, exchange-traded funds can offer a good option

Read more »

a jewellery store attendant stands at a cabinet displaying opulent necklaces and earrings featuring diamonds and precious stones.
⏸️ Investing

The Michael Hill (ASX: MHJ) share price poised for growth

Investors will be keeping an eye on the Michael Hill International Limited (ASX: MHJ) share price today. The keen interest…

Read more »

ASX shares buy unstoppable asx share price represented by man in superman cape pointing skyward
⏸️ Investing

The Atomos (ASX:AMS) share price is up 15% in a week

The Atomos (ASX: AMS) share price has surged 15% this week. Let's look at what's ahead as the company build…

Read more »

Two people in suits arm wrestle on a black and white chess board.
Retail Shares

How does the Temple & Webster (ASX:TPW) share price stack up against Nick Scali (ASX:NCK)?

How does the Temple & Webster (ASX: TPW) share price stack up against rival furniture retailer Nick Scali Limited (ASX:…

Read more »

A medical researcher works on a bichip, indicating share price movement in ASX tech companies
Healthcare Shares

The Aroa (ASX:ARX) share price has surged 60% since its IPO

The Aroa (ASX:ARX) share price has surged 60% since the Polynovo (ASX: PNV) competitor listed on the ASX in July.…

Read more »

asx investor daydreaming about US shares
⏸️ How to Invest

How to buy US shares from Australia right now

If you have been wondering how to buy US shares from Australia to gain exposure from the highly topical market,…

Read more »