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S&P/ASX 200 Drops 0.41% 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 0.41% at lunch.

The All Ordinaries Index (INDEXASX: XAO)(ASX: XAO) is also down by 0.50%.

The big four ASX banks of Commonwealth Bank of Australia (ASX: CBA), Australia and New Zealand Banking Group (ASX: ANZ), National Australia Bank Ltd (ASX: NAB) and Westpac Banking Corp (ASX: WBC) are down 1.44%, 2.01%, 2.22% and 1.83% respectively. They are the biggest reason why the ASX index is down.

Another negative factor is that Bendigo and Adelaide Bank Ltd (ASX: BEN) shares are down 5.5% in response to the community bank’s half year report which showed a fall of profit.

The share price of Amcor Limited (ASX: AMC) is up more than 1% after announcing a multi-year extension so its long term relationship with coffee business Nespresso.

JB Hi-Fi Limited (ASX: JBH) proved the doubters wrong yet again by announcing more sales and profit growth in its half year report. The business also expects profit growth for the full year.

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The information on this website is general financial advice only. That means, the advice does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire any financial product. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. Please read our Terms & Conditions and Financial Services Guide before using this website.

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