ALL ORDINARIES Index Up, a2 Milk & Bellamy’s Shares Slide
Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is up by 0.11% at lunch.
The infant formula companies of a2 Milk Company Ltd (ASX: A2M) and Bellamy’s Australia Ltd (ASX: BAL) have both suffered falls. The a2 Milk share price is down 15% after giving investors a trading update and the Bellamy’s share price has fallen 10% as well.
InvoCare Limited (ASX: IVC) shares have come alive, rising by over 5% thanks to a broker upgrade and the fact that Macquarie Group Ltd (ASX: MQG) announced it became a substantial shareholder yesterday.
One company not having a good day is CYBG Plc (ASX: CYB), the UK bank released a mixed set of earnings and the share price is down 5.8% today.
The Sigma Healthcare Ltd (ASX: SIG) share price is down 0.4% after the CEO made an address to shareholders, he said that challenging conditions remain for the pharmacy company and it was trading slightly below expectations.
Did you know it’s free to join The Rask Group’s Investor Club Newsletter? It’s a regular (usually weekly) news and educational update on financial markets, investing and unique strategies. Join today and get ready to laugh and learn.