Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 0.21% at lunch.
The biggest contributor by far to the index’s performance is Australia’s largest company, Commonwealth Bank of Australia (ASX: CBA). CBA shares are up 2.28% at lunch after it reported its FY18 result, despite profits falling. The dividend was increased.
Another financial business to report today was AMP Limited (ASX: AMP), the under-pressure diversified financial company reported a large fall of statutory profit in its half-year result, its share price has risen 3.3% after beating expectations.
Investors seem keen to bet on Tabcorp Holdings Limited’s (ASX: TAH) future with the share price up by 7.3% after reporting a large increase of revenue after its merger with Tatts.
In other large movements today, Eclipx Group Ltd (ASX: ECX) recovered some of its large loss from earlier in the week, it’s up by 10.8% so far.
Whilst at the red end, renewable energy producer Infigen Energy Ltd (ASX: IFN) has fallen 7.87%.
Introducing The Australian Investors Podcast
Join The Rask Group’s founder, Owen Raszkiewicz, as he profiles Australia’s best investors, founders, authors and financial thinkers. Download it free on iTunes, Castbox, SoundCloud or wherever you choose to listen.
