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ALL ORDINARIES Index down, Commbank (ASX:CBA) Shares Down

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 1.17% at lunch.

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 1.17% at lunch.

Commonwealth Bank of Australia (ASX: CBA) shares are down 1.5% this morning with many of Australia’s largest banks also down, such as Australia and New Zealand Banking Group (ASX: ANZ) which has fallen 1.8%.

Wesfarmers Ltd (ASX: WES) shares are down 0.11% after the business reported Coles’ quarterly sales update.

The share price of ERM Power Ltd (ASX: EPW) is up 2.3% after announcing the $38 million sale of its US operations Source Power & Gas to Direct Energy Business LLC.

The ASX 200 business that is up the most at lunch is Speedcast International Ltd (ASX: SDA), its share price is up 5%.

However, there is a lot of red at the negative end of the ASX. Media business Seven West Media Ltd (ASX: SWM) is down 5.6%, construction materials business CSR Limited (ASX: CSR) is down 5.7% and property portal company Domain Holdings Australia Ltd (ASX: DHG) is down over 4%.

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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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