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ALL ORDINARIES Index Drops, Telstra (ASX:TLS) Shares Rise

Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.97% at lunch.
Lunch ASX update

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 0.97% at lunch.

The Telstra Corporation Ltd (ASX: TLS) share price is up by 3.15% this morning after announcing revised guidance for FY19 after the NBN Co announced its 2019 corporate plan.

Shares of healthcare business Sigma Healthcare Ltd (ASX: SIG) have fallen 8% after revealing in its report that its profit halved.

In other news, aerial imaging business Nearmap Ltd (ASX: NEA) has gone into a trading halt after company announced it was going to raise $70 million to fund accelerated growth.

Agricultural business Graincorp Ltd (ASX: GNC) is up 0.2% this morning after lifting its FY18 earnings guidance despite challenging drought conditions. The company is expecting a considerable decline in grain production in Eastern Australia in the upcoming year.

The Magellan Financial Group Ltd (ASX: MFG) share price is down 1.74% despite telling investors that its total funds under management (FUM) grew by over $4.5 billion in August 2018. The fund manager is now managing over $74.5 billion, mostly invested in global shares.

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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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