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

Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.26% at lunch.

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 0.26% at lunch.

The Commonwealth Bank of Australia (ASX: CBA) share price is helping the index, it’s up 1.12% on the back of the news that regulator APRA is ending its cap on interest only loans. Other banks are also getting a boost from the news, Australia and New Zealand Banking Group (ASX: ANZ) shares are up 1.56%.

The private health insurers have announced the approved average premium increases. The Medibank Private Limited (ASX: MPL) share price is up 1.27% and NIB Holdings Limited (ASX: NHF) shares are actually down 0.1%.

Orica Ltd (ASX: ORI) shares are down 0.1% after the explosives business held its AGM today.

The Bega Cheese Ltd (ASX: BGA) share price has fallen over 11% after the cheese company warned of difficult trading conditions. The dairy company reported that the drought has caused the overall milk supply to be down more than 5% in the current financial year.

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