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ALL ORDINARIES Index Down, CBA (ASX:CBA) Shares Fall

Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 1.69% at lunch.

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 1.69% at lunch.

The Commonwealth Bank of Australia (ASX: CBA) share price is down nearly 2.5% following on from the US market’s volatility on Friday.

Telstra Corporation Ltd (ASX: TLS) shares are down 1.46% despite announcing that it has increased its 5G spectrum ownership with another government auction.

Shares of Pro Medicus Limited (ASX: PME) are down 3.3%, although it announced it has won a $3 million German contract extension and expansion.

Some of the ASX’s most popular technology shares are down heavily at lunch. For instance, Altium Limited (ASX: ALU) is down 5.6%, Afterpay Touch Group Ltd (ASX: APT) is down 5.4% and WiseTech Global Ltd (ASX: WTC) is down 5.2%.

Shares of TPG Telecom Ltd (ASX: TPM) are down 0.8% after spending a bit over $263 million on its joint venture with Vodafone for the 5G spectrum. It successfully bid for twelve 5MHz lots in each of Sydney, Melbourne, Brisbane, Canberra, Adelaide and Perth.

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Picture of Jaz Harrison

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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