Wesfarmers Is Weighing On the ALL ORDINARIES Index

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is down by 0.02% at lunch.

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Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is down by 0.02% at lunch. Wesfarmers Ltd (ASX: WES) is down by 1.53% at lunchtime, according to Google Finance.

Investors have sent the Wesfarmers share price back a little today, after going up by over 5% on Friday, the conglomerate announced that it would splitting off the Coles business into its own ASX business.

Brambles Limited (ASX: BXB) is up around 2% after its investor presentation day last week.

The Woodside Petroleum Limited (ASX: WPL) share price is up 1.68% today after the oil priced increased over the weekend.

Fish company Tassal Group Limited (ASX: TGR) is down by 3.89% today after non-executive director Raelene Murphy retired from the Board and was replaced by John Watson.

The best performer in the ASX200 so far is Smartgroup Corporation Ltd (ASX: SIQ) after the company was included into the rebalanced ASX200 index today by ratings agency Standard & Poors.

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