ALL ORDINARIES Index Down, Wesfarmers (ASX:WES) Shares Fall


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

The Wesfarmers Ltd (ASX: WES) share price is registering one of the largest falls out of Australia’s blue chips, its share price is down 0.9% with the company approving the de-merger of Coles last week.

Financial technology business Hub24 Ltd (ASX: HUB) shares are up 2.6% with the company holding its AGM and announcing a medium-term goal.

Funeral business Propel Funeral Partners Ltd (ASX: PFP) is up 1.5% due to announcing an acquisition based in NSW.

Shares of Medibank Private Limited (ASX: MPL) have gone into a trading halt with the private health insurer expecting to make an announcement regarding the outcome of a tender process.

The Fairfax Media Limited (ASX: FXJ) share price is up nearly 2% after the Fairfax Board said that the merger with Nine Entertainment Co Holdings Ltd (ASX: NEC) will go ahead despite a letter from former Domain Holdings Australia Ltd (ASX: DHG) Antony Catalano trying to stop the deal.

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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.