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ALL ORDINARIES Index Down, Telstra (ASX:TLS) Share Price Rises

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 0.81% at lunch.

The Telstra Corporation Ltd (ASX: TLS) share price is currently up 0.42% after the telco announced that it is ahead of schedule with its T22 plan for upgrading its IT and cutting jobs.

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Shares of Mirvac Group (ASX: MGR) are currently in a trading halt with the property developer looking to raise funds for its projects and potential acquisitions.

The share price of Bank of Queensland Limited (ASX: BOQ) is up 0.4% despite the announced news that the BOQ Chairman is going to retire, a Chairman Elect has been appointed.

Today’s top riser is the rare earth miner Lynas Corporation Ltd (ASX: LYC), its share price is up another 6.7%.

However, the Downer EDI Limited (ASX: DOW) share price is down 9.1%, making it the worst performer in the ASX 200.

The share price of under pressure Oliver’s Real Food Ltd (ASX: OLI) is up 82% after saying it has reached breakeven and is likely to make a profit next year.

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$50,000 per year in passive income from shares? Yes, please!

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