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ALL ORDINARIES Index Down, CBA (ASX:CBA) Share Price Drops

Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.32% at lunch.

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 0.32% at lunch.

The Commonwealth Bank of Australia (ASX: CBA) share price is down 2.6% as it suffered a large profit hit in its third quarter result because of the Royal Commission customer remediation charges.

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The Galaxy Resources Limited (ASX: GXY) share price is up 2.8% after unveiling a record month of production in April 2019.

Shares of Reliance Worldwide Corporation Ltd (ASX: RWC) are down 14.1% as the plumbing supplier business downgraded its profit guidance.

Adelaide Brighton Ltd. (ASX: ABC) shares are down 0.8% despite announcing a major contract to the ASX.

The share price of IOOF Holdings Limited (ASX: IFL) has fallen over 2% in response to an update about the acquisition of Australia and New Zealand Banking Group’s (ASX: ANZ) One Path Pensions and Investments business. The ANZ share price is down 0.7%.

The Lendlease Group (ASX: LLC) share price is up nearly 9% with rumours of a takeover in the media.

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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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