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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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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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