ALL ORDINARIES Index Down, Westpac (ASX:WBC) Shares Fall

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 1.7% at lunch.

The Westpac Banking Corp (ASX: WBC) share price is down 5.6% after going ex dividend and also due to the market drop.

Shares of Nextdc Ltd (ASX: NXT) are down 2.5% despite announcing an agreement with Superloop Limited (ASX: SLC), which is up almost 2%.

The share price of livestock business Ruralco Holdings Ltd (ASX: RHL) is up 3.8% with it reporting its profit grew 12% in FY18 thanks to a rise of 5% of revenue to $1.9 billion.

Shares of hearing device business Cochlear Limited (ASX: COH) are down 3.1% despite revealing it has made a €13 million investment into a sleep apnea medical device treatment business.

The share prices of Australia’s technology businesses have fallen alongside the overall drop of the ASX, following on from the US market, with Afterpay Touch Group Ltd (ASX: APT) down 6.4%, WiseTech Global Ltd (ASX: WTC) down 5.6% and Xero Limited (ASX: XRO) down 4.6%.

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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.