Why these 4 ASX shares started the week with strong gains

The a2 Milk Company Ltd (Australia) (ASX:A2M) share price is one of four starting the week with strong 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

It has been a reasonably disappointing start to the week for the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO). In afternoon trade the benchmark index is down 0.2% to 6,018 points.

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

The a2 Milk Company Ltd (Australia) (ASX: A2M) share price is up 3% to $6.90. This morning the dairy company released a presentation and market update for the UBS Australasia conference. According to the update, a2 Milk's estimated share of the Chinese infant formula market has increased to 4.1% from 3.5% previously. The company holds its AGM on November 22.

The Creso Pharma Ltd (ASX: CPH) share price has jumped 10% to 74.6 cents. This morning the medicinal cannabis company announced that it welcomed Canada's new proposed tax regime for recreational cannabis. The Trudeau Government has proposed a tax of C$1 per gram of legalised recreational cannabis. The company expanded into Canada this year and hopes to benefit from its legalisation.

The Lepidico Ltd (ASX: LPD) share price has continued its strong run and is up a further 22% to 4.4 cents. The lithium exploration, development, and production company's shares have now risen over 170% in just one month. The company recently announced a placement of shares with lithium mining giant Galaxy Resources Limited (ASX: GXY). Lepidico is definitely one to watch in the future in my opinion.

The Praemium Ltd (ASX: PPS) share price is up 5% to 64.2 cents after the fintech company advised that funds under administration (FUA) across its global platforms and funds have surpassed $7 billion. Impressively, this means that Praemium has added $1 billion in FUA in less than six months.

Motley Fool contributor James Mickleboro owns shares of Galaxy Resources Limited. The Motley Fool Australia owns shares of A2 Milk. 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 »