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ALL ORDINARIES Index Up, Afterpay (APT) Shares Rise

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 0.46% at lunch. 

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 0.46% at lunch.

The biggest gain so far today is Afterpay Touch Group Ltd (ASX: APT) which is up 10.7% after reporting its June 2018 quarter and expectations for the FY18 year. Afterpay revealed that total underlying sales in FY18 was $2.18 billion, 289% higher than FY17.

The South32 Ltd (ASX: S32) share price is up 1.68% after revealing its June 2018 quarter production, with records for manganese and aluminium.

Shares of Woodside Petroleum Limited (ASX: WPL) are down by 0.06% after revealing its own June 2018 production announcement.

Santos Ltd (ASX: STO) was another to release its June 2018 report and its shares have risen by 1% in response.

Another business to be up by more than 10% is contractor business Cimic Group Ltd (ASX: CIM), it showed investors that net profit was up by 12% in its half year result.

The Bega Cheese Ltd (ASX: BGA) share price is down 3.87%, giving up its gains from yesterday’s announcement of spending $250 million on a dairy processing facility.

Did you know Warren Buffett was a millionaire in his late 20’s but ‘only’ worth $300m at his 50th birthday? Now he is a $US84 billion investor.

That means he made 99% of his wealth after turning 50! How does a 50-year-old do that? Download the free Aussie investing ebook, “What Buffett’s Investing Checklist Can Teach Aussie Investors“ when you join the free Rask Group Investor Club Newsletter. You’ll get insights into the 4 steps Buffett uses to pick his investments.

Click here to join The Rask Group’s Investor Club Newsletter and Download The Ebook!

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