Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 2.52% at lunch.
Most of the market is in the red today as the trade war continues to bite. One of the more painful declines belongs to Afterpay Touch Group Ltd (ASX: APT), which is down another 6%.
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The BWP Trust (ASX: BWP) share price is down 1.4% after the real estate investment trust (REIT) after reporting its FY19 result which showed a small increase of rental income and the distribution.
The share price of Pinnacle Investment Management Group Ltd (ASX: PNI) is up 5.2% after revealing its FY19 report to investors showing a large increase in profit.
Shares of Rural Funds Group (ASX: RFF) have gone into a trading halt after being accused of “siphoning assets into Rural Funds Management [the manager]”. The share price was halted down 42%.
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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: Jaz owns shares of Rural Funds at the time of writing, but this could change at any time.