Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 0.12% at lunch.
The Wesfarmers Ltd (ASX: WES) share price is leading the ASX index higher, it is currently higher by 1.6%. Wesfarmers recently split from Coles Group, and our analyst took a look at the investment metrics of both companies.
Wesfarmers isn’t the only share that’s registering gains so far. Treasury Wine Estates Ltd (ASX: TWE) shares are up 4.4% with management allaying some of the market’s fears about its upcoming profit result.
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The Telstra Corporation Ltd (ASX: TLS) share price is up 0.7% with the CEO Andy Penn reportedly saying that the telco has secured deals with multiple smartphone manufacturers to get exclusive access to the first 5G-ready phones.
Shares of gold miners are the worst five performing shares in the ASX 200. The Regis Resources Limited (ASX: RRL) share price is down nearly 5%, Saracen Mineral Holdings Limited (ASX: SAR) shares are down 3.3% and the St Barbara Ltd (ASX: SBM) share price is down 3.5%.
iCar Asia Ltd (ASX: ICQ) shares are up 34.5%, the tech company reported that fourth-quarter cash receipts grew by 36%.
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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).