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ALL ORDINARIES Index (XAO) Down, IOOF (ASX:IFL) Share Price Jumps

Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.05% at lunch.

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 0.05% at lunch.

The IOOF Holdings Limited (ASX: IFL) share price is up around 9% after the business agreed a revised lower price with Australia and New Zealand Banking Group (ASX: ANZ) for the OnePath Pensions & Investments business and Aligned Dealer Groups.

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Shares of BHP Group Ltd (ASX: BHP) are down 2% after the big resources company had reduced production in the September 2019 quarter.

The share price of Woodside Petroleum Limited (ASX: WPL) is up 0.6% after the oil giant announced a large rise of production in the September 2019 update.

Bank of Queensland Limited (ASX: BOQ) reported its FY19 result this morning, with a decline in profit and the dividend, sending the share price down by 4%.

The Scentre Group (ASX: SCG) share price is down 2.5% after the Lowys apparently sold the family holding.

The share price of Insurance Australia Group Ltd (ASX: IAG) is up 0.9% after announcing the sale of its Indian insurance stake.

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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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