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Wednesday: What’s The All Ords Index Doing at Lunch?

Australia’s share market, or the All Ordinaries (INDEXASX: XAO)(ASX: XAO), has opened in the red by 0.20%, sending the market closer to 6,000.

Australia’s share market, or the All Ordinaries (INDEXASX: XAO)(ASX: XAO), has opened in the red by 0.20%, sending the market closer to 6,000.

The biggest gain for an ASX200 business this morning is Sirtex Medical Limited (ASX: SRX), the share price is up by over 45% on news that it has received a takeover offer.

Protective glove company Ansell Limited’s (ASX: ANN) share price has risen by 4.44% this morning on no news.

The Incitec Pivot Ltd (ASX: IPL) share price is up by 3.54% today, the company announced yesterday that it would be cancelling its share buy-back.

The lithium miners have continued their descent with Galaxy Resources Limited (ASX: GXY) down by 2.62% and Pilbara Minerals Ltd (ASX: PLS) down by 4.08%. Some market commentators believe that there could be an oversupply of lithium in the near future.

The Treasury Wine Estates Ltd (ASX: TWE) share price has grown by 1.44%, investors were happy with its half-year report.

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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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