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ALL ORDINARIES Index (XAO) Down, Adelaide Brighton (ASX:ABC) Shares Drop

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

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

The Adelaide Brighton Ltd. (ASX: ABC) share price has been crunched by 17.5% after it released a downgrade to its earnings expectations.

The negativity surrounding Adelaide Brighton has sent share prices of other construction companies down. For example the Boral Limited (ASX: BLD) share price is down 7.6% and the CSR Limited (ASX: CSR) share price is down 5.6%.

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UK bank CYBG Plc (ASX: CYB) has seen its share price drop by 9.6% after releasing its third quarter trading update showing a decline in its mortgage book.

The share price of Crown Resorts Ltd (ASX: CWN) has dropped another 1% after the casino company issued a response to junket operator allegations.

Shares of Rural Funds Group (ASX: RFF) are up 0.9% after the REIT announced a new lease for its Rewan cattle property with Australian Agricultural Company Ltd (ASX: AAC) – its share price is flat.

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Disclosure: Jaz owns shares of Rural Funds at the time of writing, 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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