Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 0.50% at lunch.
The blue chip business that has gained the most by lunch is Telstra Corporation Ltd (ASX: TLS), its share price is nearly 2% on media reports that the Labor party could decide to write-down the value of the NBN, allowing the NBN to charge lower prices to telcos and then telcos like Telstra could charge lower prices to customers.
WATCH NOW: The Australian Investors Podcast Feat.
Global Investing Expert Hamish Douglass
Hamish Douglass is one of Australia's top investors and founders, having co-founded Magellan - a near $9 billion business! Learn exactly how Hamish invests in shares today.
The Commonwealth Bank of Australia (ASX: CBA) share price is up 1% in anticipation of the release of the Royal Commission report. However, this morning ASIC announced it has banned Commonwealth Financial Planning from charging or receiving ongoing service fees from its customers and the CBA division is also not to enter into any new ongoing service arrangements with customers.
Shares of construction business Boral Limited (ASX: BLD) are down nearly 8% so far due to giving the market new profit guidance for the FY19 year.
Ship-builder Austal Limited (ASX: ASB) upgraded revenue expectations for its half year result, which caused the share price to rise 7.5%.
Listed investment company (LIC) Argo Investments Limited (ASX: ARG) has reported its half year result to December 2018 and increased the dividend for its shareholders.
NEW! Our #1 ASX ETF of 2019
Exchange-Traded Funds (ETFs) are changing the world of investing. But with so many on the ASX, it's hard to know which ETF will be a top performer in 2019.
Every financial Tom, Dick and Harry seems to 'launching' (read: flogging) an ETF to investors. In our humble opinion, most of them could be a waste of time - and money. Worse, many of them could fail!
Here's the best part: we're willing to release the name and ASX ticker code of the ETF we've identified as our #1 for 2019.
Just click here now to access our free "#1 ETF of 2019" report. No credit card details or payment required.
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).