S&P/ASX 200 Rises 1.2% At Lunch

The S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO), is currently up 1.22% at lunch.

The All Ordinaries Index (INDEXASX: XAO)(ASX: XAO) is also up by 1.19%, meaning it’s a fairly good day so far.

One of the biggest factors for pushing the Australian share market higher is CYBG Plc (ASX: CYB) which has risen 17.7% so far because the UK-based bank revealed better than expected.

The share price of Idp Education Ltd (ASX: IEL) is up 20.9% due to announc ing that revenue grew by 26% to $304.3 million and net profit went up by 31% to $40.7 million in its half year result to 31 December 2018.

Shares of power company AGL Energy Ltd (ASX: AGL) are currently down by 2.8% because its reported profit fell by around 50% in its half year result.

The Pendal Group Ltd (ASX: PDL) share price is up 1.5%, the funds management business announced it will acquire the other 50% stake of Governance Research & Engagement (Regnan) that it doesn’t already own.

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