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ALL ORDINARIES Index Down, AMP (ASX:AMP) Share Price Crumples

Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.56% at lunch.

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 0.56% at lunch.

The AMP Limited (ASX: AMP) share price has dropped over 15% as the company said that the AMP Life sale may no longer go ahead and therefore the interim dividend is likely to be cancelled.

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The share price of Elders Ltd (ASX: ELD) went into a trading halt this morning as it announced an acquisition and a capital rising to fund that acquisition.

It has been a painful morning for the Integrated Research Limited (ASX: IRI) share price which has fallen by 11.2% in reaction to the company’s profit guidance for FY19.

At the top of the ASX 200 performance table is the share price of Bellamy’s Australia Ltd (ASX: BAL) which is up 3.75%.

Aside from AMP, the business at the bottom of the wrong end of the ASX 200 performance table is diversified financials business IOOF Holdings Limited (ASX: IFL), it’s down 3.7%.

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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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