ALL ORDINARIES Index Down, Rio Tinto Shares Fall

June 5, 2018

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 Index (INDEXASX: XAO)(ASX: XAO), is down by 0.29% at lunch.

The two largest reasons why the index has fallen are that Rio Tinto Limited (ASX: RIO) is down 1.7% and BHP Billiton Limited (ASX: BHP) is down 1.14%.

Retail Food Group Limited (ASX: RFG) is the worst ASX200 performer so far, it’s down 7% after giving investors profit guidance for FY18.

The strongest performer in the ASX200 is A2 Milk Company Ltd (ASX: A2M), it is up 5% after Blackrock became a substantial shareholder.

Praemium Ltd (ASX: PPS) is up nearly 1% after investment bank Morgan Stanley chose the fintech company to be its managed accounts software provider.

Tech companies Xero Limited (ASX: XRO) and WiseTech Global Ltd (ASX: WTC) are two of the best performers so far, they are up 3.14% and 4.04% respectively.

Online retail Kogan.Com Ltd (ASX: KGN) has dropped 12% this morning after news came from the AFR that brokers were looking for a buyer of 10% of the shares.

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