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Established in January 1980, the All Ordinaries (XAO) (colloquially known as the "All Ords"; also known as the All Ordinaries Index, AOI) is the oldest index of shares in Australia. It is made up of the share prices for 500 of the largest companies listed on the Australian Securities Exchange (ASX). [ 2 ]
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The All Ordinaries Index on the Australian Stock Exchange falls by 4.4% with Asian markets generally down. (AAP via The Australian) U.S. retailing giant J.C. Penney agrees with its largest shareholder, William Ackman, that Ackman will cap his shareholdings at 16.5 percent, while increasing his exposure through a "synthetic long position."
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