ALL ORDINARIES Index Falls, Commonwealth Bank of Australia (CBA) Shares Drop
Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 0.03% at lunch.
The Commonwealth Bank of Australia (ASX: CBA) share price is down 1.3% at lunch and is the biggest cause of the index’s decline.
Another of the major falls in the ASX 200 is fund manager Pendal Group Ltd’s (ASX: PDL) fall of 2.66% after the market was disappointed with its June 2018 funds under management update.
The share price of BWX Ltd (ASX: BWX) has dropped by 2.8% this morning after confirming it is being sued in the US by a business broker.
Village Roadshow Ltd (ASX: VRL) shares are in a trading halt after announcing it would raise $51 million to pay down debt.
Aerial imaging business Nearmap Ltd (ASX: NEA) is up 18.4% after announcing that its US business is making progress.
The share in the ASX 200 to have gained the most is IPH Ltd (ASX: IPH), the intellectual property company’s share price is up nearly 5%.
Did you know Warren Buffett was a millionaire in his late 20’s but ‘only’ worth $300m at his 50th birthday? Now he is a $US84 billion investor.
That means he made 99% of his wealth after turning 50! How does a 50-year-old do that? Download the free Aussie investing ebook, “What Buffett’s Investing Checklist Can Teach Aussie Investors“ when you join the free Rask Group Investor Club Newsletter. You’ll get insights into the 4 steps Buffett uses to pick his investments.