Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 0.25% at lunch.
The TPG Telecom Ltd (ASX: TPM) share price is down 14.6% because the Australian Competition and Consumer Commission (ACCC) has raised concerns about the planned merger with Hutchison Telecommunications (Aus) Ltd (ASX: HTA), which is down 25%.
The share price of Telstra Corporation Ltd (ASX: TLS) is down 2.3% with investors worrying that an un-merged TPG would be a large low-cost competitor.
Shares of large mortgage broking business Mortgage Choice Limited (ASX: MOC) are down 5% because it has lowered guidance of its profit and home loan settlements in FY19.
The Sonic Healthcare Limited (ASX: SHL) share price is up 2%, the pathology business announced it has completed its institutional bookbuild to raise $600 million for its Aurora Diagnostics acquisition.
Shares of APA Group (ASX: APA) are down 1.6% with the CEO who has been there over a decade announced he would be retiring next year.
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