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ALL ORDINARIES Down, Metcash (ASX:MTS) Share Price Falls

Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.49% at lunch.

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 0.49% at lunch.

The Metcash Limited (ASX: MTS) share price is down 9.21% after reporting its FY19 result to investors and announcing a dividend.

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The share price of Australia and New Zealand Banking Group (ASX: ANZ) is down 0.1% as investors learned that its New Zealand subsidiary would be subject to independent reviews.

The share prices of AP Eagers Ltd (ASX: APE) and Automotive Holdings Group Ltd (ASX: AHG) are down 2.75% and 2% respectively as the ACCC raised some preliminary concerns about the potential merger, particularly in a region in Newcastle.

Viva Energy Group Ltd (ASX: VEA) shares are flat as the petrol business provided an unaudited guidance update for the first half of its FY19. Underlying profit is expected to be between $60 million to $80 million.

Shares of Kogan.com Ltd (ASX: KGN) are down 1.2% and Meridian Energy Ltd (ASX: MEZ) shares are down 2.2% in reaction to the two businesses launching Kogan Energy.

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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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