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ALL ORDINARIES Index (XAO) Down, Challenger (ASX:CGF) Share Price Up

Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.25% at lunch.
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Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX:XAO), is currently down 0.25% at lunch.

The share price of fund manager Challenger Ltd (ASX: CGF) has risen by around 7% with investors being pleased what was reported in its FY19 result.

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Shares of Magellan Financial Group Ltd (ASX: MFG) are currently in a trading halt after reporting its FY19 result, announcing the IPO of the Magellan High Conviction Fund and a capital raising to fund the upfront costs.

Real estate investment trust (REIT) Arena REIT No 1 (ASX: ARF) has reported its FY19 financials and has guided for further distribution growth in FY20.

The share price of Auckland International Airport Limited (ASX: AIA) is down almost 1% after reporting its latest traffic numbers.

Lithium miners are at the bottom of the ASX 200 performance table. The share price of Orocobre Limited (ASX: ORE) is down almost 6% and the Galaxy Resources Limited (ASX: GXY) share price has fallen 3.7%.

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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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