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

Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.18% at lunch.

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 0.18% at lunch.

The Fortescue Metals Group Limited (ASX: FMG) share price is down over 8% after going ex-dividend.

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The share price of IOOF Holdings Limited (ASX: IFL) is down 4.7% as investors react to the latest update regarding the APRA process.

Serko Ltd (ASX: SKO) shares are down 1.9% after the New Zealand travel software business released its full year report.

Shares of SKYCITY Entertainment Group Limited (ASX: SKC) are up 0.8% with the company announcing it was going to set up an online casino gaming operation.

The Pro Medicus Limited (ASX: PME) share price is up another 4.5% as investors clamour to get hold of shares of the hot business.

The construction industry continues to gain confidence after the election with the Adelaide Brighton Ltd. (ASX: ABC) share price up 4.6%.

Leading the ASX is the share price of lithium miner Pilbara Minerals Ltd (ASX: PLS) which is up 5.8%.

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