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ALL ORDINARIES Index Down, Wesfarmers (ASX:WES) Shares Drop

Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.27% at lunch.

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 0.27% at lunch.

The Wesfarmers Ltd (ASX: WES) share price is down 2.62% this morning, making it the worst drop in the ASX 20. Coles Group Limited (ASX: COL) is also down 1.7%.

Shares of Metcash Limited (ASX: MTS) are down 6.8%, the IGA supplier reported its half year report yesterday showing a slight increase in revenue and profit.

The share leading the ASX 200 is Washington H. Soul Pattinson and Co. Ltd (ASX: SOL), it’s up 2.8%. Brickworks Limited (ASX: BKW) had announced it sold down some of its shares to fund its Glen Gery acquisition. The Brickworks share price is down 0.95% this morning.

MNF Group Ltd (ASX: MNF) shares have gone into a trading halt with a further announcement about the acquisition of the wholesale and enablement business of Inabox Group Ltd (ASX: IAB). MNF had to increase its takeover price to ward off competition.

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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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