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ASX Tuesday Lunchtime Market Update

Australia’s share market, or the All Ordinaries, (INDEXASX: XAO)(ASX: XAO) has started the day in the red by 0.16%.

Australia’s share market, or the All Ordinaries (INDEXASX: XAO)(ASX: XAO), has started the day in the red by 0.16%.

Bellamy’s Australia Ltd (ASX: BAL) is the big mover of the morning, with the share price up by a whopping 23.36% thanks a very positive upgrade to its FY18 guidance.

a2 Milk Company Ltd (Australia) (ASX: A2M) seems to have benefited from Bellamy’s good news, the a2 share price has risen by 5.74%.

Bellamy’s and a2 aren’t the only shares that export to China that are having a good day today. Blackmores Limited (ASX: BKL) has risen by 5.25% so far.

The Rio Tinto Limited (ASX: RIO) share price has barely moved so far today after it updated the market with its quarterly production numbers. The share price is currently down 0.98%.

One of the biggest losers so far in the ASX200 has been Retail Food Group Limited (ASX: RFG), which is down by 4.68%. Speedcast international Limited (ASX: SDA) is the other main loser so far today, down by 3.54%.

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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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