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Wesfarmers Is Weighing On the ALL ORDINARIES Index

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is down by 0.02% at lunch.
Lunch ASX update

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is down by 0.02% at lunch. Wesfarmers Ltd (ASX: WES) is down by 1.53% at lunchtime, according to Google Finance.

Investors have sent the Wesfarmers share price back a little today, after going up by over 5% on Friday, the conglomerate announced that it would splitting off the Coles business into its own ASX business.

Brambles Limited (ASX: BXB) is up around 2% after its investor presentation day last week.

The Woodside Petroleum Limited (ASX: WPL) share price is up 1.68% today after the oil priced increased over the weekend.

Fish company Tassal Group Limited (ASX: TGR) is down by 3.89% today after non-executive director Raelene Murphy retired from the Board and was replaced by John Watson.

The best performer in the ASX200 so far is Smartgroup Corporation Ltd (ASX: SIQ) after the company was included into the rebalanced ASX200 index today by ratings agency Standard & Poors.

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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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