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ALL ORDINARIES Index Up, Transurban (ASX:TCL) Shares Drop

Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.52% at lunch.

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 0.52% at lunch.

The Transurban Group (ASX: TCL) share price is down 1.8% after reporting its half year result. Proportional EBITDA increased but it’s currently going through a lot of investment, so profit after tax fell 56%.

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Shares of annuity market leader Challenger Ltd (ASX: CGF) are up 2% after reporting its official half year result to the market, the company maintained its dividend.

The Pact Group Holdings Ltd (ASX: PGH) share price is down 7.25%, it said that it’s going to make a significant writedown of its assets and goodwill in the upcoming report.

The share price of Super Retail Group Limited (ASX: SUL) is up 0.9%, the retailer revealed revenue and profit growth for the upcoming report, however underpayment of managers will be a large cost and the CEO is stepping down.

Shares of Macquarie Group Ltd (ASX: MQG) are up nearly 2.5% – the Australian-based global investment bank said profit could grow up to 15% in FY19 in a trading update.

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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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