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

Australia’s share market, or the All Ordinaries (INDEXASX: XAO)(ASX: XAO), has plunged at lunch. It has fallen by 1.28% so far.
Lunch ASX update

Australia’s share market, or the All Ordinaries (INDEXASX: XAO)(ASX: XAO), has plunged at lunch. It has fallen by 1.28% so far.

The biggest positive mover in the ASX200 so far today has been Brickworks Limited (ASX: BKW), the construction company’s share price has risen by 2.09%. It is the only ASX200 share to show a gain omore than 2%.

Another positive mover was pet company Greencross Limited (ASX: GXL) which announced who its new CEO will be and also disclosed profit guidance for the first half of FY18.

Bubs Australia Ltd (ASX: BUB) announced that its products would be stocked by Woolworths Limited (ASX: WOW). The Bubs share price is up 0.69% on the news.

The Wesfarmers Limited (ASX: WES) share price has slumped 4.58% after news that it would take a huge write-down on its UK Bunnings and Target businesses. So far, the UK has not fallen for the sausage sizzle.

Finally, the market was unimpressed by Telstra Corporation Ltd’s (ASX: TLS) announcement that it would launch its 5G next year, the share price is currently down 1.36%.

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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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