S&P/ASX 200 Drops 0.25% At Lunch
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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