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ALL Ordinaries Index Down, Telstra (TLS) Shares Rise Again

Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.06% at lunch.

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 0.06% at lunch.

Telstra Corporation Ltd (ASX: TLS) is yet again another of the highest-performing blue chips today, it’s up 3.67% after yesterday’s news of a potential merger between TPG Telecom Ltd (ASX: TPM) (up 9.8% today)  and Hutchison Telecommunications (Aus) Ltd (ASX: HTA) (up 65% today). Some analysts believe this could mark the end of mobile price wars.

Another share doing well today is Webjet Limited (ASX: WEB), it’s up 13% this morning after reporting.

The Qantas Airways Limited (ASX: QAN) share price has fallen 5.2% this morning after reporting and warning of higher oil costs in FY19.

Buy now, pay later provider Afterpay Touch Group Ltd (ASX: APT) shares are in a trading halt after announcing a capital raising, its FY18 result and revealing it’s expanding into the UK.

Oil company Santos Ltd (ASX: STO) shares are 8.7% higher after doubling its half year profit and announcing the US$2.15 billion acquisition of Quadrant Energy.

The share price of Flight Centre Travel Group Ltd (ASX: FLT) is down 8.1% this morning after reporting its FY18 result and also coming under scrutiny in an ABC investigation.

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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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