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ALL ORDINARIES Index Higher, AMP (ASX:AMP) Shares Drop

Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX: XAO), is currently up 0.40% at lunch.
Lunch ASX update

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 0.40% at lunch.

The AMP Limited (ASX: AMP) share price is down 5.5% with the diversified financial business announcing a large dividend cut as part of its upcoming FY18 result.

Another business showing an even bigger decline is ResMed Inc (ASX: RMD), it is currently down 9.5% after reporting its second quarter result of FY19.

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At the positive end of the ASX is Iluka Resources Limited (ASX: ILU) which is 7.1% higher as a result of announcing its Pejebu Inaugural Mineral Resource Estimate.

The Auscann Group Holdings Ltd (ASX: AC8) share price is 2.4% higher because it announced it has acquired a research & development facility in Perth for $5.25 million.

Priceline operator Australian Pharmaceutical Industries Ltd (ASX: API) shares are down 6% with it one of the worst fallers in the ASX 200.

TV business Nine Entertainment Co Holdings Ltd (ASX: NEC) shares are up 4.6% at lunch.

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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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