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ALL ORDINARIES Rises, CBA (ASX:CBA) Share Price Jumps

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 1.75% at lunch.

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 1.75% at lunch.

The Commonwealth Bank of Australia (ASX: CBA) share price is currently up 4.7% in response to the Royal Commission Report where the major banks don’t appear as though they will be heavily affected.

Shares of Westpac Banking Corp (ASX: WBC), National Australia Bank Ltd (ASX: NAB) and Australia and New Zealand Banking Group (ASX: ANZ) are up 7.2%, 4.9% and 6% respectively.

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The big ASX bank shareholders aren’t the only ones partying at lunch. The AMP Limited (ASX: AMP) share price is up 9.3% and the IOOF Holdings Limited (ASX: IFL) share price is up 13.7% in response to the Royal Commission report.

However, it’s not such good news for every ASX business. Mortgage broking firms Mortgage Choice Limited (ASX: MOC) and Australian Finance Group Ltd (ASX: AFG) are down 25% and 29% respectively.

Real estate business Shopping Cntrs Austrls Prprty Gp Re Ltd (ASX: SCP) is currently up 0.4% after handing in its half year result to the share market.

Shares of FlexiGroup Limited (ASX: FXL) are down 7.9% in response to revising its full year cash profit guidance.

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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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