ALL ORDINARIES Index Down, NAB Shares Drop


Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 0.05% at lunch.

Australia’s big banks are leading the index down. National Australia Bank Ltd (ASX: NAB) is down 1.27%, Commonwealth Bank of Australia (ASX: CBA) has fallen 1.15% and Westpac Banking Corp (ASX: WBC) has fallen 1.09%.

However, resource shares are in the green with South32 Ltd (ASX: S32) up 0.84% and BHP Billiton Limited (ASX: BHP) up 0.5%.

Reporting season is well underway. REIT BWP Trust (ASX: BWP) is down 1.66% after giving investors its FY18 result.

The Xero Limited (ASX: XRO) share price is up 2.3% after announcing to the market an acquisition called Hubdoc.

Among the top performers in the ASX 200 index is ALS Ltd (ASX: ALQ), it is up by over 9% after giving guidance for the first half of FY19.

The business that is currently most in the red is Janus Henderson Group (ASX: JHG) which is down 8% after giving investors its result this morning.

Jaz Harrison

Jaz Harrison

Jaz 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.