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ALL ORDINARIES Index Down, CSL (ASX:CSL) Shares Rise

Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 1.09% at lunch.
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Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 1.09% at lunch.

The CSL Limited (ASX: CSL) share price is leading the index higher, it’s up 2.15%. However, the Wesfarmers Ltd (ASX: WES) share price is down another 3% after its demerger from Coles Group Limited (ASX: COL).

Shares of Mineral Resources Limited (ASX: MIN) are up 24% after announcing the sale of a 50% stake in its Wodgina project. This deal appears to have boosted the lithium industry with Pilbara Minerals Ltd (ASX: PLS) up by 7%.

Infant formula businesses are up today with Bellamy’s Australia Ltd (ASX: BAL) up 8.9% and A2 Milk Company Ltd (ASX: A2M) is up 6.7%. Blackmores Limited (ASX: BKL) is also up 7.2%.

The Noni B Limited (ASX: NBL) share price is up 16.3% at lunch after presenting at its AGM. The fashion retailer said the businesses it purchased from Specialty Fashion Group Ltd (ASX: SFH), such as Katies and Rivers, would generate a day-to-day profit in FY19.

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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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