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ALL ORDINARIES Index Up, Westpac (WBC) Shares Rise

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 0.68% at lunch.

Westpac Banking Corp (ASX: WBC) is leading the index higher, it’s currently up 1.87%. Most of Australia’s other blue chips are also registering gains today with BHP Billiton Limited (ASX: BHP) up by 1.74% and Australia and New Zealand Banking Group (ASX: ANZ) up by 1.47%.

Several businesses have reported their FY18 results this morning.

Domino’s Pizza Enterprises Ltd. (ASX: DMP) shares are down 10% at the moment after reporting a net profit figure that was under its own guidance.

Another share in the red was Challenger Ltd (ASX: CGF), the fund manager’s share price is down 8.2% after only reaching the bottom of its profit range guidance.

Cochlear Limited (ASX: COH) shares have fallen 6.75% so far after its FY18 profit wasn’t as high as some investors were hoping for.

The National Australia Bank Ltd (ASX: NAB) share price is up nearly 1% after reporting a slight fall in its quarterly profit.

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 iTunesCastboxSoundCloud or wherever you choose to listen.

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Chief Investment Officer Owen Rask has just released his brand new passive income report. Owen has outlined 10 of his favourite ETFs and shares to watch, his rules for passive income investing, why he would buy ETFs before LICs and more.

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