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ALL ORDINARIES Index Down, TPG (ASX:TPG) Shares Rise

Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX: XAO), is currently down 0.67% at lunch.

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 0.67% at lunch.

Despite the broader ASX market being down, TPG Telecom Ltd (ASX: TPM) shares are up 0.3% in response to the news that the telco has decided to end its mobile network roll-out, which could lead to a greater chance of the merger with Vodafone Australia getting through.

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The Telstra Corporation Ltd (ASX: TLS) share price is also up 4.5% as investors consider the chances of less competitive pricing in the telco sector.

Shares of debt collector Credit Corp Group Limited (ASX: CCP) are up 6.7% due to reporting its interim result for the half year to 31 December 2018 and guiding for higher profit in this financial year.

The share price of gold miner Resolute Mining Limited (ASX: RSG) is currently up by 5.7% after it reported in its quarterly production report to December 2018 that gold production was up 33% on the prior quarter.

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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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