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ASX Wednesday Lunchtime Market Update

Jaz Harrison
Jaz Harrison
Jaz Harrison

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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The ASX has had a mixed morning so far with the market currently down. Here are some of the bigger movers of the day so far:

The international fund managers of Platinum Asset Management Limited (ASX: PTM) and Magellan Financial Group Ltd (ASX: MFG) are the two biggest risers in the ASX200 (INDEXASX: XJO)(ASX: XJO) so far today, up by 5.56% and 5.25%.

Pushpay Holdings Ltd (ASX: PPH) (NZE: PPH) has risen by 0.25% on the back of its news that it’s surpassed its US$100m Revenue Target.

Shareholders of HT&E Ltd (ASX: HT1) will be disappointed because its share price is currently down 4.68%, making it the biggest loser in the ASX200 this lunchtime.

At the smaller end of the market one of the biggest gains has been from Vita Group Limited (ASX: VTG), the Telstra store operator expects to exceed its previous profit guidance for the first six months of FY18, its share price is currently up 6.56%.

Meanwhile, investment platform company Praemium Ltd (ASX: PPS) has reported another growth-filled quarter, with gross inflows being $764 million. The share price is up 4.73% so far as a result.

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