ALL ORDINARIES Index (XAO) Down, Costa (ASX:CGC) Share Price Declines

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 0.53% at lunch.

The Costa (ASX: CGC) share price is down 25% to $2.60 after coming back to trade, it has completed the institutional element of its capital raising.

The share price of Woolworths (ASX: WOW) is down 0.9%. It announced a strong first quarter of sales, but it also admitted it had underpaid staff up to $300 million.

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A change within the Suncorp (ASX: SUN) leadership team has sent the share price down by 0.63%.

Investors have continued to punish the Bega Cheese (ASX: BGA) share price, which is down 4.3%, after it warned yesterday that a rising milk price is going to hurt this year’s profit.

The Zip (ASX: Z1P) share price is down 7.1% after releasing its September 2019 quarter update, clearly the growth wasn’t as good as some investors were hoping.

Shares of Xref (ASX: XF1) are down 7% after delivering a record quarter.

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

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Free analyst report: 3 tech stocks to own in 2020

As we emerge from COVID-19, some companies are growing FASTER THAN EVER — and their share prices are rocketing.

Against the backdrop of the enormous cloud computing market — valued around $US210 billion , right now is the time to buy and own these companies.

Our lead investment analyst has identified 3 growth stocks in a net cash position, with strong competitive forces and obvious tailwinds at their back. That’s why he already owns shares in all three companies!

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