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Commonwealth Bank Is Weighing On the ALL ORDINARIES Index

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is down by 0.33% at lunch.
Lunch ASX update

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is down by 0.33% at lunch. The Commonwealth Bank of Australia (ASX: CBA) share price is down 1.4% after the Federal Reserve in the US increased the interest rate.

Transurban Group (ASX: TCL) and Sydney Airport Holdings Ltd (ASX: SYD) are down 1.7% and 1.4% in response to the Federal Reserve rate increase.

The Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) share price is up 0.09% after reporting growth in profit earlier today.

Sigma Healthcare Ltd (ASX: SIG) also reported today, its share price is down 5.11% in response.

Scentre Group (ASX: SCG) is down 2.78% today in response to the Fed increase, it has a lot of debt on its balance sheet.

Resource companies are some of the best performers in the ASX200 this morning. Alumina Limited (ASX: AWC) is up by 4.68%, Syrah Resources Ltd (ASX: SYR) is up by 3.63% and Orocobre Limited (ASX: ORE) is up by 3.43%.

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Jaz Harrison

Jaz is a Staff Writer for Rask. She 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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