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ALL ORDINARIES Index (XAO) Down, Costa (ASX:CGC) Share Price Declines

Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.53% at lunch.

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 0.53% at lunch.

The Costa (ASX: CGC) share price is down 25% to $2.60 after coming back to trade, it has completed the institutional element of its capital raising.

The share price of Woolworths (ASX: WOW) is down 0.9%. It announced a strong first quarter of sales, but it also admitted it had underpaid staff up to $300 million.

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A change within the Suncorp (ASX: SUN) leadership team has sent the share price down by 0.63%.

Investors have continued to punish the Bega Cheese (ASX: BGA) share price, which is down 4.3%, after it warned yesterday that a rising milk price is going to hurt this year’s profit.

The Zip (ASX: Z1P) share price is down 7.1% after releasing its September 2019 quarter update, clearly the growth wasn’t as good as some investors were hoping.

Shares of Xref (ASX: XF1) are down 7% after delivering a record quarter.

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Disclosure: Jaz owns shares of Costa 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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