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ALL ORDINARIES Index Lower As Telstra (TLS) Hits The Brakes

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is down by 0.11% at lunch.
Lunch ASX update

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is down by 0.11% at lunch.

The Telstra Corporation Ltd (ASX: TLS) share price has fallen by a further 3.3% after saying that it would only hit the lowest number of its profit range guidance.

Automotive Holdings Group Ltd (ASX: AHG) shares have fallen 10% after the company said it was trading in challenging conditions.

Link Administration Holdings Ltd (ASX: LNK) is up nearly 7% after updating the market saying that the revenue impact of the Budget measure would be around $55 million, however the company has identified a couple of factors that could mitigate this.

Cloud accounting provider Xero Limited (ASX: XRO) is down 1.4% after Microsoft, KPMG and Commonwealth Bank of Australia (ASX: CBA) announced that they would be launching their own accounting software system.

The GWA Group Ltd (ASX: GWA) share price has gone down 5.7% after rising earlier due to selling its door business.

Ruralco Holdings Ltd (ASX: RHL) is up 2.9% after reporting its profit jumped.

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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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