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ALL ORDINARIES Index Rises, Woolworths (ASX:WOW) Shares Climb

Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.54% at lunch.
Lunch ASX update

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 0.54% at lunch.

The Woolworths Group Ltd (ASX: WOW) share price is up nearly 2%, making it one of the top performers in the ASX 20. One of its main competitors, Metcash Limited (ASX: MTS), gave a strategy update and trading update to investors earlier, which has sent the share price up 2.5%. The supermarket supplier and hardware business is trialling a number of different initiatives to grow earnings.

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The share price of Bellamy’s Australia Ltd (ASX: BAL) is up another 8% today with investors continuing to react to its first half result of the 2019 financial year.

Shares of Bingo Industries Ltd (ASX: BIN) are also up another 7.4% with the waste collection business receiving approval from the ACCC for the Dial a Dump acquisition last week.

Gold miners are suffering as the share market continues to recover in value. The Evolution Mining Ltd (ASX: EVN) share price is down 5%, it is showing the worst decline in the ASX 200.

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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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