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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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Australia’s share market, or the All Ordinaries (INDEXASX: XAO)(ASX: XAO), hasn’t had a good day so far, it’s currently down 0.42%.

Sirtex Medical Limited (ASX: SRX) has been the main mover in the ASX200 so far today. It is up 12.84% on news that earnings before interest, tax, depreciation and amortisation (EBITDA) is up in the first half of FY18 by 16%.

One of the biggest talking points of the day has been that cryptocurrencies have suffered huge losses. Bitcoin is down 19%, Ethereum is down 23%, Bitcoin Cash is down 27% and Ripple is down 34%. News that South Korean and Chinese governments plan to ban crytocurrency has not gone down well.

Lithium miners Galaxy Resources Limited (ASX: GXY) and Pilbara Minerals Ltd (ASX: PLS) are the two worst performers in the ASX200 so far, they are down by 4.71% and 4.46% respectively.

Afterpay Touch Group Ltd (ASX: APT) has continued its hot streak by rising a further 2.43% today after yesteday’s news of its expansion into the USA.

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