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) up 0.11% to 6,077.10
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.16% to 6,185.40
- AUD/USD at US 78.3 cents
- Gold at US$1,322.30 an ounce
- Oil at US$61.49 a barrel
The pot stock industry got a huge boost today with news that the Federal Government will allow the export of cannabis-based medicines. Consequently Auscann Group Holdings Ltd (ASX: AC8) went up 53.66%, Creso Pharma Ltd (ASX: CPH) rose 20.6%, Cann Group Ltd (ASX: CAN) rose by 35.42% and Hydroponics Company Ltd (ASX: THC) rose by 30.77%.
Oil companies Oil Search Limited (ASX: OSH) and Beach Energy Ltd (ASX: BPT) had a good day with both of them rising by around 3.5% thanks to the oil price growing strongly during the last day.
Altium Limited (ASX: ALU) was one of the other top performers in the ASX200 today, rising by 2.95%. With no news out of the company it could be investors wanting a piece of the exciting tech company.
Gold miners had a bad day today with St Barbara Ltd (ASX: SBM), Saracen Mineral Holdings Limited (ASX: SAR) and Evolution Mining Limited (ASX: EVN) falling by 4.85%, 4.23% and 2.94%.
Here are some of today's top stories:
