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ALL ORDINARIES Index (XAO) Up, AGL (ASX:AGL) And IAG (ASX:IAG) Share Prices Fall

Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.14% at lunch.
Lunch ASX update

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 0.14% at lunch.

Reporting season is in full swing. One of the businesses to report today has been AGL Energy Ltd (ASX: AGL), but it’s expecting a drop in profit in FY20 which sent the share price down 6%.

The Insurance Australia Group Ltd (ASX: IAG) share price is also down 5% after it reported to the market a fall in its cash earnings in the FY19 result.

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Furniture retailer Nick Scali Limited (ASX: NCK) has seen its share price increase by 6.7% after reporting another year of record profit, although it was only a small increase.

The share price of Rural Funds Group (ASX: RFF) is up 26.6% after the REIT responded to the Bonitas allegations and David Bryant said that he would be buying shares.

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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