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ALL ORDINARIES Index Up, Telstra Shares Fall

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is up by 0.34% at lunch.
Lunch ASX update

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is up by 0.34% at lunch.

The Telstra Corporation Ltd (ASX: TLS) share price is down 3.75% this morning after giving the market a trading update. Its day to day profit, is expected to be at the low end of guidance whilst cashflow is expected to be at the high end.

Private hospital business Healthscope Ltd (ASX: HSO) has seen its share price rise 4% to $2.57 after receiving another takeover for $2.50.

Medical Developments International Ltd (ASX: MVP) shares have dropped by nearly 13% after announcing that sales this year could be flat or lower due to slower sales in Australia.

The GWA Group Ltd (ASX: GWA) share price is 4.57% higher so far today after revealing it is selling its Door & Access Systems business for $107 million.

Conglomerate Seven Group Holdings Ltd (ASX: SVW) is up by 1.3% after upgrading its FY18 guidance thanks to one-off projects and unseasonably dry conditions.

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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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