Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX:XAO), is currently down 0.25% at lunch.
The share price of fund manager Challenger Ltd (ASX: CGF) has risen by around 7% with investors being pleased what was reported in its FY19 result.
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Shares of Magellan Financial Group Ltd (ASX: MFG) are currently in a trading halt after reporting its FY19 result, announcing the IPO of the Magellan High Conviction Fund and a capital raising to fund the upfront costs.
Real estate investment trust (REIT) Arena REIT No 1 (ASX: ARF) has reported its FY19 financials and has guided for further distribution growth in FY20.
The share price of Auckland International Airport Limited (ASX: AIA) is down almost 1% after reporting its latest traffic numbers.
Lithium miners are at the bottom of the ASX 200 performance table. The share price of Orocobre Limited (ASX: ORE) is down almost 6% and the Galaxy Resources Limited (ASX: GXY) share price has fallen 3.7%.
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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).
At the time of publishing, Jaz does not have a financial interest in any of the companies mentioned.