ALL ORDINARIES Index Up, Afterpay (ASX:APT) Shares Rise


Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 0.26% at lunch.

The Afterpay Touch Group Ltd (ASX: APT) share price is a big mover this morning, it has risen 13% after releasing an ASX announcement stating a defence of its business model. Credit Corp Group Limited (ASX: CCP) has also made a recovery today, its share price is up 5%.

Shares of pharmacy giant Australian Pharmaceutical Industries Ltd (ASX: API) are down 2% after reporting its FY18 report showing that its earnings fell 8%.

Poultry business Inghams Group Ltd (ASX: ING) is down 0.25% after it revealed that Jim Leighton would be the new CEO and Managing Director.

Organic infant formula business Bellamy’s Australia Ltd (ASX: BAL) has seen its share price fall almost 8%, making it the worst fall in the ASX 200, losing most of the gains it made yesterday. A2 Milk Company Ltd (ASX: A2M) is also down materially, it’s 3.5% in the red.

Podcast: Afterpay, Family and Investing

If you’re wanting to know more about Afterpay and how to become a better investor, this episode of Rask Group’s Australian Investors Podcast is a ‘must listen’ for serious investors. This episode provides unique insights from an Australian investor who’s keen on some ASX tech shares.

Tune in to The Australian Investors Podcast to hear from Australia’s leading investors and financial thinkers. Download the latest episode free on iTunes,  CastboxYouTube or wherever you choose to listen.

*As voted by us

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Jaz Harrison

Jaz Harrison

Jaz is a keen investor who loves to thoroughly poke holes in an investment idea before it has a chance of making it into her portfolio. Jaz invests for the long-term and doesn't sweat the small stuff. She strongly believes that empowering people with knowledge is the best way for them to take charge of their finances, which is exactly the approach she takes with her own money and investments.