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ALL ORDINARIES Index Up, RIO Shares Rise

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is up by 0.7% at lunch.

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Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is up by 0.7% at lunch.

The Rio Tinto Limited (ASX: RIO) share price has gone up by 0.48% today, making the best performer in the ASX20.

The quarterly re-balancing of the ASX indices is happening in a couple of weeks. AMP Limited (ASX: AMP) is being pushed out of the ASX20, although it is up by 0.28% today. It is being replaced by Amcor Limited (ASX: AMC), which is up by 0.07%.

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(ASX: RFG) is being ejected from the ASX200, it’s down by 4.48% in response. Two of the companies being promoted to the ASX200 are technology company Appex Ltd (ASX: APX) which is up 2.3% and buy now, pay later company Afterpay Touch Group Ltd (ASX: APT), which is up by 0.87%.

Fund manager Perpetual Limited (ASX: PPT) shares are up 1.5% after announcing leadership changes.

Healthcare business Paragon Care Ltd (ASX: PGC) has risen by 3.7% after telling the market it’s acquiring a NZ healthcare company.

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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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