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%.

Read more:

 


Legal disclaimer: Chances are, the information you read on the BESTETFS website may contain a mix of factual information and general financial advice. Any information/advice on this website 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 and NEVER INVEST IN AN ETF OR MANAGED FUND BEFORE READING THE PRODUCT DISCLOSURE STATEMENT (PDS). If you don't read the PDS you're practically flying blind with one arm tied behind your back. 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).