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

Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.30% at lunch.
Lunch ASX update

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 0.30% at lunch.

The Wesfarmers Ltd (ASX: WES) share price is currently down 2.5%, the retail conglomerate reported that Kmart & Target sales barely increased, but its balance sheet is in a good position going into 2019.

Shares of Australia and New Zealand Banking Group (ASX: ANZ) have risen the most among the big banks, it’s up 0.9% on news that the major banks are lobbying APRA to reconsider forcing them to raise money through Tier II bonds.

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Retail Food Group Limited (ASX: RFG) shares are up 11.9% after the under-pressure fast food franchisor confirmed it is considering selling Crust Gourmet Pizzas to reduce its debt.

The Capitol Health Ltd (ASX: CAJ) share price is down nearly 2% with the healthcare business acquiring a radiology network business in Melbourne for $8.1 million cash upfront. There are clinics located in Frankston, Dandenong, Boronia and Carlton.

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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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