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ALL ORDINARIES Index Up, Westpac Shares Rise

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is up by 0.55% at lunch.
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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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Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is up by 0.55% at lunch.

The Westpac Banking Corp (ASX: WBC) share price is 1.36% higher so far after reporting profit growth in its half year report.

Blue Sky Alternative Investments Ltd (ASX: BLA) shares are down a further 9% this morning after it announced it would be making further changes to the business and withdrew its profit prediction.

The share price of Reece Ltd (ASX: REH) is currently unmoved because it’s in a trading halt after it announced it was making a $1.9 billion acquisition of MORSCO Inc, which is a plumbing business in the USA.

Orica Ltd (ASX: ORI) shares are down 6% after reported a loss in its half year result of $229 million.

The Magellan Financial Group Ltd (ASX: MFG) share price has fallen by 2.25% this morning after reporting in its April 2018 funds under management (FUM) update that it experienced net outflows of $268 million.

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