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Telstra Is Weighing On the ALL ORDINARIES Index

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is up by 0.03% at lunch, essentially it's flat.

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is up by 0.03% at lunch, essentially it’s flat. Telstra Corporation Ltd (ASX: TLS) is down by 1.34% at lunchtime, according to Google Finance.

The Myer Holdings Ltd (ASX: MYR) share price is up by 2.79% today after delivering its half year report. The retail company revealed a statutory loss after tax of $476.2 million. Read the Myer news here.

James Packer has resigned from the Crown Resorts Ltd (ASX: CWN) board today due to personal issues, the share price is down by 1.34% in response to this news.

The Nufarm Limited (ASX: NUF) share price is up by 4.7% today after investors were pleased with the report that the company released today showing a profit of $12 million.

Whitehaven Coal Ltd (ASX: WHC) is up by over 7% today after New Hope Corporation Limited (ASX: NHC) revealed yesterday that it doubled its profit.

Finally, Retail Food Group Limited (ASX: RFG) is down over 4% today as investors struggle to value the franchisor with its problems.

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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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