Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 0.67% at lunch.
Despite the broader ASX market being down, TPG Telecom Ltd (ASX: TPM) shares are up 0.3% in response to the news that the telco has decided to end its mobile network roll-out, which could lead to a greater chance of the merger with Vodafone Australia getting through.
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The Telstra Corporation Ltd (ASX: TLS) share price is also up 4.5% as investors consider the chances of less competitive pricing in the telco sector.
Shares of debt collector Credit Corp Group Limited (ASX: CCP) are up 6.7% due to reporting its interim result for the half year to 31 December 2018 and guiding for higher profit in this financial year.
The share price of gold miner Resolute Mining Limited (ASX: RSG) is currently up by 5.7% after it reported in its quarterly production report to December 2018 that gold production was up 33% on the prior quarter.
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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).