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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 0.34% at lunch.

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is down by 0.34% at lunch. The Commonwealth Bank of Australia (ASX: CBA) share price has gone down by 0.85%, which is hurting the index.

The Pushpay Holdings Ltd (ASX: PPH) share price has dropped by 5.31% after it revealed that revenue has doubled in the year to 31 March 2018, investors were expecting more.

Afterpay Touch Group Ltd (ASX: APT) has gone down by 4.04% this morning after updating the market and saying it will cap its fees and bolster its fraud checks.

The National Australia Bank Ltd (ASX: NAB) share price has dropped by 1.03% today after saying to the AFR that it will invest in automation tools, it is reducing its workforce by 6,000 jobs and will add 2,000 digital jobs.

Controversy continues to surround Blue Sky Alternative Investments Ltd (ASX: BLA), it has dropped by 5.17% after the company said some media were saying incorrect things about its Wild Breads investment.

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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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