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ALL ORDINARIES Index Up, Commwealth Bank (ASX:CBA) Falls

Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.11% at lunch.

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 0.11% at lunch.

The index has managed to rise despite the big banks registering falls so far today including Commonwealth Bank of Australia (ASX: CBA) which is down 0.85%.

One business that is rose this morning is Xero Limited (ASX: XRO), it’s up 1.5% after announcing a UK acquisition and initiatives to grow faster there.

Childcare operator G8 Education Ltd (ASX: GEM) is up almost 9% at midday after reporting that occupancy levels were rising.

The share price of REA Group Limited (ASX: REA) is currently up 1% with the announcement that the CEO is leaving to focus on the global News Corp (ASX: NWS) digital business, which is up 0.6%.

Shares of Lendlease Group (ASX: LLC) are up 4% after issuing a profit downgrade last week due to its Australian Engineering and Services business.

At the red end of the ASX 200 is Aveo Group (ASX: AOG) which is down another 5.6% after the retirement & lifestyle village operator said sales were softening due to the housing market decline.

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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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