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Wesfarmers Is Boosting The ALL ORDINARIES Index

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is up by 0.20% at lunch.
Lunch ASX update

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is up by 0.20% at lunch. The Wesfarmers Ltd (ASX: WES) share price is up by 0.57% today with some market commentators suggesting it could open a Wesfarmers Bank, its rumoured target of Fletcher Building Limited (ASX: FBU) also just announced it would conduct a capital raising to improve its balance sheet.

AMP Limited (ASX: AMP) shares have dropped by 3.36% so far today after news came from the Royal Commission that the financial services company made numerous false statements to ASIC and that it did this deliberately not just because of an administration error. It was putting profit before clients according to evidence heard in the Royal Commission.

Another to enter a trading halt today is Nextdc Ltd (ASX: NXT), the data centre company has plans to open three new data centres.

The Bank Of Queensland Limited (ASX: BOQ) share price is down 2.38% after revealing its half-year report numbers.

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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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