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ALL ORDINARIES Index Rises, Coles Group (ASX:COL) Shares Drop

Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX: XAO), is currently up 0.17% at lunch.
Lunch ASX update

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 0.17% at lunch.

The Coles Group Limited (ASX: COL) share price is down nearly 2% after announcing the cost of its new automated distribution warehouses that it plans to build over the next few years.

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Shares of annuity business Challenger Ltd (ASX: CGF) are down another 3% so far after yesterday’s disappointing earnings update.

Oil business Santos Ltd (ASX: STO) has seen its share price grow by 3.5% because it handed in its fourth quarter activities report for investors to read.

The gold sector isn’t fairing well today with the share market continuing to recover. The Regis Resources Limited (ASX: RRL) share price is down 5.5%, the Evolution Mining Ltd (ASX: EVN) share price is down 5.2% and the St Barbara Ltd (ASX: SBM) share price is down 4.9%.

Shares of Galaxy Resources Limited (ASX: GXY) are down 4.5% after giving its December 2018 update, which appears to have disappointed investors.

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Disclosure: At the time of publishing Jaz owns shares of Challenger, but that could change at any time. 

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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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