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ALL ORDINARIES Index Falls, Suncorp (SUN) Shares Fall

Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.12% at lunch.
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Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 0.12% at lunch.

One of the largest detractors to the index’s performance was Suncorp Group Ltd (ASX: SUN), it is down 1.2% today after reporting yesterday.

The share price of property website business REA Group Limited (ASX: REA), it reported continued profit growth in its FY18 result and the share price is up 2.1% so far.

Another company to report today was baby item one-stop-shop retailer Baby Bunting Group Ltd (ASX: BBN) which is up 28%, it said that FY19 sales growth so far has been a lot better than FY18.

Magellan Financial Group Ltd (ASX: MFG) has fallen 1% after yesterday’s positive response to the big dividend increase.

The share price of James Hardie Industries plc (ASX: JHX) is down 7.4% after it revealed its quarter’s result. For the three months ending 30 June 2018 it showed revenue growth of 28% and profit growth of 58%.

Introducing The Australian Investors Podcast

Join The Rask Group’s founder, Owen Raszkiewicz, as he profiles Australia’s best investors, founders, authors and financial thinkers. Download it free on iTunesCastboxSoundCloud or wherever you choose to listen.

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