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ALL ORDINARIES Index Rises, Telstra (ASX:TLS) Shares Drop

Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.35% at lunch.

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 0.35% at lunch.

The Telstra Corporation Ltd (ASX: TLS) share price is down 1.3%, with several blue chips hurting with the prospect of a US government budget shutdown.

Commonwealth Bank of Australia (ASX: CBA) shares are up 0.4% this morning despite revealing it is facing a number of additional costs for the current financial year.

The share price of funeral business Propel Funeral Partners Ltd (ASX: PFP) is up 0.8% because it announced a number of New Zealand based acquisitions.

Shares of pathology business Sonic Healthcare Limited (ASX: SHL) are in a trading halt due to the planned acquisition for $750 million in the US.

The Mayne Pharma Group Ltd (ASX: MYX) share price is up 2.8%, it received FDA approval of its Tolsura (SUBA itraconazole) 65mg capsules. The US anti-fungal triazole market has a value of around US$600 million, the clear unmet clinical need in serious systematic infections has an addressable market of around US$200 million according to Mayne.

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Picture of Jaz Harrison

Jaz Harrison

Jaz is a Staff Writer for Rask. She 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.
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