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ALL ORDINARIES Index Rises, Wesfarmers (ASX:WES) Shares Up

Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.12% at lunch.

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 0.12% at lunch.

The Wesfarmers Ltd (ASX: WES) share price is leading the ASX index higher, it is currently higher by 1.6%. Wesfarmers recently split from Coles Group, and our analyst took a look at the investment metrics of both companies.

Wesfarmers isn’t the only share that’s registering gains so far. Treasury Wine Estates Ltd (ASX: TWE) shares are up 4.4% with management allaying some of the market’s fears about its upcoming profit result.

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The Telstra Corporation Ltd (ASX: TLS) share price is up 0.7% with the CEO Andy Penn reportedly saying that the telco has secured deals with multiple smartphone manufacturers to get exclusive access to the first 5G-ready phones.

Shares of gold miners are the worst five performing shares in the ASX 200. The Regis Resources Limited (ASX: RRL) share price is down nearly 5%, Saracen Mineral Holdings Limited (ASX: SAR) shares are down 3.3% and the St Barbara Ltd (ASX: SBM) share price is down 3.5%.

iCar Asia Ltd (ASX: ICQ) shares are up 34.5%, the tech company reported that fourth-quarter cash receipts grew by 36%.

3 “Proven Shares” For 2019

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Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #563 907.

Picture of Jaz Harrison

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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