Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 0.03% at lunch.
The Wesfarmers Ltd (ASX: WES) share price is down 3.7% after the company gave a trading update for Kmart and Target.
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The share price of Commonwealth Bank of Australia (ASX: CBA) is up 0.6% after the bank sold its Count Financial business to Countplus Ltd (ASX: CUP), the share price is up 35%.
The Carsales.Com Ltd (ASX: CAR) share price is up almost 2% after announcing it is pursuing the sale of its interest in Stratton Finance. The company also provided some guidance for its FY19 result, it expects net profit to be either flat or slightly grow.
The share price of Afterpay Touch Group Ltd (ASX: APT) is down by more than 9% after announcing that AUSTRAC wants the buy now, pay later company to appoint an auditor to look at its compliance.
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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).
Disclosure: At the time of writing Jaz owns shares of Challenger, but this could change at any time.