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ALL ORDINARIES Index Up, CBA Shares Rise

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is up by 0.63% at lunch. 
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Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is up by 0.63% at lunch.

The biggest contributor to the index performing well is Commonwealth Bank of Australia (ASX: CBA), its share price is up 1.22% after revealing that it had settled with AUSTRAC for $700 million.

However, the best-performing share in the ASX200 today is CYBG Plc (ASX: CYB), it’s up 5.2% after giving a revised offering for Virgin Money.

Two of the other strongest performers today are lithium miners. The Galaxy Resources Limited (ASX: GXY) share price is up 4.44% and the Orocobre Limited (ASX: ORE) share price has risen by 3.55%.

Kogon.Com Ltd (ASX: KGN) shares are up 3% after announcing it is going to enter the white goods and built-in kitchen appliance markets. JB Hi-Fi Limited (ASX: JBH) shares are down 3.14% in response.

The MYOB Group Ltd (ASX: MYO) share price has fallen a further 2.44% after stepping away from the Reckon Limited (ASX: RKN) deal.

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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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