ALL ORDINARIES Index Falls, ANZ Shares Drop
Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 0.59% at lunch.
Many of Australia’s blue chips are in the red this morning. Australia and New Zealand Banking Group (ASX: ANZ) is currently down by 1.28% and BHP Billiton Limited (ASX: BHP) is in the red by 1.61%.
One of the worst price movements on the ASX at lunch is National Veterinary Care Ltd (ASX: NVL), its share price has fallen 8.6% after giving the market an update about FY18 expectations.
The Ruralco Holdings Ltd (ASX: RHL) share price is down 2.33%. The agricultural company gave investors a projection of its FY18 profit.
Another business to be in the red is Altium Limited (ASX: ALU), the technology company’s share price has declined 7.5% due to a broker suggesting its shares could fall to $16.
Fund manager Pendal Group Ltd (ASX: PDL) is down a further 4% at lunch after revealing a funds under management (FUM) update that disappointed investors yesterday.
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.
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