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S&P/ASX 200 Drops 0.25% At Lunch

Jaz Harrison

Jaz Harrison

Jaz is a keen investor who loves to thoroughly poke holes in an investment idea before it has a chance of making it into her portfolio. Jaz invests for the long-term and doesn't sweat the small stuff. She strongly believes that empowering people with knowledge is the best way for them to take charge of their finances, which is exactly the approach she takes with her own money and investments.
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Jaz Harrison

Jaz Harrison

The S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO), is currently down 0.25% at lunch.

The All Ordinaries Index (INDEXASX: XAO)(ASX: XAO) is also down by 0.35%, showing that the smaller shares on the ASX are down a little more.

One of the contributors to the ASX’s decline is National Australia Bank Ltd (ASX: NAB) which is down 0.6% because its CEO, Mr Thorburn, and Chairman, Dr Henry, announced they would leave the bank due to their poor performances in the Royal Commission.

The REA Group Limited (ASX: REA) share price is down nearly 5% despite reporting another half year of solid double digit revenue & profit growth. The real estate business warned that the second half could show slower growth.

At the bottom of the ASX 200 scoreboard is Beach Energy Ltd (ASX: BPT), its share price is down over 7%.

The gold shares are having a good day with Saracen Mineral Holdings Limited (ASX: SAR) up 2.9% and Northern Star Resources Ltd (ASX: NST) shares are up 2.3%.

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