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ALL ORDINARIES Index Up, BHP Shares Rise

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 1.26% at lunch.

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 1.26% at lunch.

One of the largest contributors to the index’s gain is that resource giant BHP Billiton Limited (ASX: BHP) has gone up by 1.2%.

The Kogan.Com Ltd (ASX: KGN) share price has fallen 9.4% after releasing its result for the final quarter, with revenue growth for FY18 expected to be around 40%.

Pinnacle Investment Management Group Ltd (ASX: PNI) shares are currently in a trading halt after announcing two acquisitions and a capital raising of $60 million.

The share that has gone up the most in the ASX 200 so far is Lynas Corporation Ltd (ASX: LYC), it’s up by a further 9.6%.

Shares of Treasury Wine Estates Ltd (ASX: TWE) are also up around 4.2%.

The Resolute Mining Limited (ASX: RSG) share price is up 0.15% after revealing to the market its quarterly production report for June 2018.

The worst performer in the ASX 200 is Infigen Energy Ltd (ASX: IFN), the renewable energy generation company is down 3% at midday.

$50,000 per year in passive income from shares? Yes, please!

With interest rates UP, now could be one of the best times to start earning passive income from a portfolio. Imagine earning 4%, 5% — or more — in dividend passive income from the best shares, LICs, or ETFs… it’s like magic.

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Chief Investment Officer Owen Rask has just released his brand new passive income report. Owen has outlined 10 of his favourite ETFs and shares to watch, his rules for passive income investing, why he would buy ETFs before LICs and more.

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Picture of Jaz Harrison

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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