The week been saw a large pullback in the All Ords [ASX:XAO] by 208 points. Meaning the XAO is now in its 10th week of a sideways move after gaining ground quickly from the March low...
The RBA announced today that they would be reducing interest rates to an all-time low of 1.25%, a cut of 0.25 percentage points. In response, we’re seeing Australian shares trade higher this afternoon, with the best Performer being Bega Cheese Ltd [ASX:BGA] share price (+ 3.41% to $4.85 a share).
Australian dairy producer Bega Cheese Limited [ASX:BGA] share price has shed over 12% this morning, down 72 cents, at $4.96 per share, at time of writing.
The Bega Cheese Ltd [ASX:BGA] share price plunged over 5% yesterday after emerging from its trading halt.