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ALL ORDINARIES Index Up, Telstra (TLS) Shares Rise

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 0.29% at lunch.

The Telstra Corporation Ltd (ASX: TLS) share price has risen by a further 1.8% this morning after yesterday’s gains in response to its FY18 result.

Another share in the green this morning is Kogan.Com Ltd (ASX: KGN) the low cost online retailer’s share price is up 4% after revealing it doubled profit in the FY18 report.

Financials business MyState Limited (ASX: MYS) is down 0.2% after reporting a slight increase in profit during FY18.

Global warehouse property landlord Goodman Group (ASX: GMG) revealed its operating profit grew by 9% in its report to shareholders. Its share price has risen 3.7%.

Listed investment company WAM Capital Limited (ASX: WAM) shares are up 1.2% after reporting 87.6% growth in the operating profit before tax.

Utility billing software business Hansen Technologies Limited (ASX: HSN) shares are up 6% today with the net profit increasing by 21%.

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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