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ALL ORDINARIES Index (XAO) Falls, Afterpay (ASX:APT) Share Price Jumps

Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.62% at lunch.

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 0.62% at lunch.

Bucking the downward trend, the Afterpay Touch Group Ltd (ASX: APT) share price has jumped 13.3% this morning after Goldman Sachs rated the buy now, pay later company a buy.

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International news is causing some investors to be turned off the fast growing, internationally-focused, high-priced shares like Pro Medicus Limited (ASX: PME) which is down over 5% and the Magellan Financial Group Ltd (ASX: MFG) share price is down 4.5%.

1300 Smiles Limited (ASX: ONT) has seen its share price fall 1% as news broke of its acquisition pursuits of Maven, although it faces stiff competition from BGH.

Dairy giant Fonterra Shareholders’ Fund (ASX: FSF) has seen its share price rise 0.3% after announcing it could reduce debt by $1 billion after some asset sales.

Gold miners are having a bit of a resurgence as investors worry about global problems, the Evolution Mining Ltd (ASX: EVN) share price is up around 2%.

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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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