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ASX Monday Lunchtime Market Update

Australia’s share market, or the All Ordinaries (INDEXASX: XAO)(ASX: XAO) has started the day positively in the green. 

Australia’s share market or the All Ordinaries (INDEXASX: XAO)(ASX: XAO) has started the day positively in the green.

Global markets are powering ahead, which appears to be helping the local ASX market as well.

The gold price has reached its highest level for a few months, which may help explain why shares of ASX gold miners have done well so far today.

The Evolution Mining Limited (ASX: EVN) price is up by 4.69%, the Resolute Mining Limited (ASX: RSG) price is up 4.05%, the St Barbara Ltd (ASX: SBM) price is up 3.9% and Northern Star Resources Ltd (ASX: NST) rounds the group off at midday by being up 3.69%.

Nextdc Ltd (ASX: NXT) is the worst performer in the ASX200 so far today, it has fallen by 4.78% so far, likely because of a broker note downgrading the data centre operator.

Nanosonics Ltd (ASX: NAN) and Carsales.Com Ltd (ASX: CAR) are the two other shares in the ASX200 to have dropped by more than 2% at noon.

Vocus Group Limited’s (ASX: VOC) share price has reacted positively to news that there’s going to be changes in the business.

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Jaz Harrison

Jaz is a Staff Writer for Rask. She is a keen investor who loves to thoroughly poke holes in an investment idea before it has a chance of making it into her portfolio. Jaz invests for the long-term and doesn't sweat the small stuff. She strongly believes that empowering people with knowledge is the best way for them to take charge of their finances, which is exactly the approach she takes with her own money and investments.
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