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%.
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