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NAB Is Weighing On The ALL ORDINARIES Index

Australia’s share market, or the All Ordinaries (INDEXASX: XAO)(ASX: XAO), is down by 0.43% at lunch.
Lunch ASX update

Australia’s share market, or the All Ordinaries (INDEXASX: XAO)(ASX: XAO), is down by 0.43% at lunch. National Australia Bank Ltd (ASX: NAB) is down 1.05% at lunchtime, according to Google Finance.

Resource-related companies are some of the best performers so far today. Rare earth miner Lynas Corporation Ltd (ASX: LYC) is up by 3.69% so far today. Gold miner Saracen Mineral Holdings Limited (ASX: SAR) has risen by 3.07%. Lithium miner Pilbara Minerals Ltd (ASX: PLS) has grown by 1.84% so far and steel maker BlueScope Steel Limited (ASX: BSL) is up by 1.69%.

At the other end of the share market Retail Food Group Limited (ASX: RFG) has fallen by a further 5% as the market questions the franchisor’s future.

The G8 Education Ltd (ASX: GEM) share price has fallen by almost 4% today even though a major broker believes it could recover.

Spark New Zealand Ltd (ASX: SPK) has gone down 4% today on no news, although it announced leadership changes earlier in the week.

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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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