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ALL ORDINARIES Index Down, NAB (ASX:NAB) Share Price Drops

Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.55% at lunch.

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 0.55% at lunch.

One of the biggest detractors from the ASX is the National Australia Bank Ltd (ASX: NAB) share price which is down 0.62%, the major ASX bank reported its half year result and cut the dividend.

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The Wesfarmers Ltd (ASX: WES) share price is down 0.4% after announcing it had launched a takeover bid for lithium business Kidman Resources Ltd (ASX: KDR) which is up 42.6%.

Shares of Woolworths Group Ltd (ASX: WOW) are up 0.4% in response to a solid sales update for the third quarter of FY19.

The share price of Pendal Group Ltd (ASX: PDL) is now down 12.2% after revealing a large hit to its interim profit.

The Select Harvests Limited (ASX: SHV) share price is up 5% in reaction to the almond company’s pleasing crop update.

Telstra Corporation Ltd (ASX: TLS) shares are down 1.2% despite news leaking of its plan to sell a stake of some of its properties for up to $1.5 billion.

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$50,000 per year in passive income from shares? Yes, please!

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Picture of Jaz Harrison

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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