ALL ORDINARIES Index Up, NAB (ASX:NAB) Shares Drop

Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX: XAO), is currently up 0.10% at lunch.

Jaz Harrison
February 1, 2019

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 0.10% at lunch.

However, the big four banks aren’t having a good start to February with the National Australia Bank Ltd (ASX: NAB) share price down 1.1% at lunch, perhaps due to Australia’s falling house prices. The Australia and New Zealand Banking Group (ASX: ANZ) share price is also down 0.5%.

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In other news, the Ansell Limited (ASX: ANN) share price is down nearly 0.5% in response to the announcement of a US-based acquisition.

Shares of private hospital business Healthscope Ltd (ASX: HSO) are up 3.8% after the company confirmed it was going ahead with the Brookfield takeover offer. It also released a trading update.

The WiseTech Global Ltd (ASX: WTC) share price has dropped 0.3% despite revealing another acquisition. This one is based in Norway, it’s called Systema and WiseTech is paying $3 million upfront with a further expected multi-year earn-out potential of $2.7 million if it achieves integration and revenue goals.

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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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