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ALL ORDINARIES Index Rises, CBA (ASX:CBA) Share Price Up

Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 1.3% at lunch.

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 1.3% at lunch.

The Commonwealth Bank of Australia (ASX: CBA) share price is up 5.6% as investors react to the result of the weekend’s Federal Election.

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In-fact, there is a whole list of ASX shares that have jumped because Labor didn’t win. The National Australia Bank Ltd (ASX: NAB) share price is up 6.8%, the Westpac Banking Corp (ASX: WBC) share price is up 7.2% and the Australia and New Zealand Banking Group (ASX: ANZ) share price is up 6.8%.

One of the leaders of the construction industry is the Boral Limited (ASX: BLD) share price which is up 4%.

The LIC sector is also up materially with the WAM Capital Limited (ASX: WAM) share price up 4.8%.

The Lynas Corporation Ltd (ASX: LYC) share price is up 0.25% as it announced a potential joint venture in the United States.

Both the share prices of Medibank Private Ltd (ASX: MPL) and NIB Holdings Limited (ASX: NHF) are up more than 11% with Laor’s loss.

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$50,000 per year in passive income from shares? Yes, please!

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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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