Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 0.27% at lunch.
The Wesfarmers Ltd (ASX: WES) share price is down 2.62% this morning, making it the worst drop in the ASX 20. Coles Group Limited (ASX: COL) is also down 1.7%.
Shares of Metcash Limited (ASX: MTS) are down 6.8%, the IGA supplier reported its half year report yesterday showing a slight increase in revenue and profit.
The share leading the ASX 200 is Washington H. Soul Pattinson and Co. Ltd (ASX: SOL), it’s up 2.8%. Brickworks Limited (ASX: BKW) had announced it sold down some of its shares to fund its Glen Gery acquisition. The Brickworks share price is down 0.95% this morning.
MNF Group Ltd (ASX: MNF) shares have gone into a trading halt with a further announcement about the acquisition of the wholesale and enablement business of Inabox Group Ltd (ASX: IAB). MNF had to increase its takeover price to ward off competition.
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Disclaimer: Any information contained in this article is limited to general financial/investment advice only. The information has not taken into account your specific needs, goals or objectives, so please consider consulting a licenced and trusted adviser before acting on the information. Please read The Rask Group’s Financial Services Guide (FSG) for more information. This article is authorised by Owen Raszkiewicz of The Rask Group, which is a corporate authorised representative No. 1264179 of Strawman Pty Ltd (ACN: 610 908 211) (AFSL: 501 223).