ALL Ordinaries Index Down, Telstra (TLS) Shares Rise Again

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 0.06% at lunch.

Telstra Corporation Ltd (ASX: TLS) is yet again another of the highest-performing blue chips today, it’s up 3.67% after yesterday’s news of a potential merger between TPG Telecom Ltd (ASX: TPM) (up 9.8% today)  and Hutchison Telecommunications (Aus) Ltd (ASX: HTA) (up 65% today). Some analysts believe this could mark the end of mobile price wars.

Another share doing well today is Webjet Limited (ASX: WEB), it’s up 13% this morning after reporting.

The Qantas Airways Limited (ASX: QAN) share price has fallen 5.2% this morning after reporting and warning of higher oil costs in FY19.

Buy now, pay later provider Afterpay Touch Group Ltd (ASX: APT) shares are in a trading halt after announcing a capital raising, its FY18 result and revealing it’s expanding into the UK.

Oil company Santos Ltd (ASX: STO) shares are 8.7% higher after doubling its half year profit and announcing the US$2.15 billion acquisition of Quadrant Energy.

The share price of Flight Centre Travel Group Ltd (ASX: FLT) is down 8.1% this morning after reporting its FY18 result and also coming under scrutiny in an ABC investigation.

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