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ALL ORDINARIES Index Down, Wesfarmers (ASX:WES) Share Price Falls

Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.03% at lunch.
Lunch ASX update

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 0.03% at lunch.

The Wesfarmers Ltd (ASX: WES) share price is down 3.7% after the company gave a trading update for Kmart and Target.

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The share price of Commonwealth Bank of Australia (ASX: CBA) is up 0.6% after the bank sold its Count Financial business to Countplus Ltd (ASX: CUP), the share price is up 35%.

The Carsales.Com Ltd (ASX: CAR) share price is up almost 2% after announcing it is pursuing the sale of its interest in Stratton Finance. The company also provided some guidance for its FY19 result, it expects net profit to be either flat or slightly grow.

The share price of Afterpay Touch Group Ltd (ASX: APT) is down by more than 9% after announcing that AUSTRAC wants the buy now, pay later company to appoint an auditor to look at its compliance.

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Disclosure: At the time of writing Jaz owns shares of Challenger, but this could change at any time. 

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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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