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ALL ORDINARIES Index Rises, Fortescue (ASX:FMG) Share Price Up

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 0.02% at lunch.

The Fortescue Metals Group Limited (ASX: FMG) share price is up around 4% as it made an agreement to explore for gold and copper in South Australia.

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The Challenger Ltd (ASX: CGF) share price has fallen a further 4.9% in reaction to yesterday’s gloomy profit outlook for FY20.

Shares of AMP Limited (ASX: AMP) are down almost 4% as APRA imposed directions and additional conditions on its Registrable Superannuation Entity (RSE) licences of its superannuation trustees.

The Afterpay Touch Group Ltd (ASX: APT) share price is down 2.5% as the S&P Down Jones Indices announced the company would enter the ASX 100.

Saracen Mineral Holdings Limited (ASX: SAR) shares are up 2% as the gold miner announced that it was launching a takeover for Bligh Resources Ltd (ASX: BGH), which is up 84.6%.  

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Disclosure: Jaz owns shares of Challenger at the time of writing, but this could change at any time.

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