ALL ORDINARIES Index (XAO) Falls, NAB (ASX:NAB) Share Price Drops

Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 1.21% at lunch.

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 1.21% at lunch.

The National Australia Bank Ltd (ASX: NAB) share price fell around 3% after the big four ASX bank announced more Royal Commission remediation costs.

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The share price iSignthis Ltd (ASX: ISX) has been unmoved because shares have been suspended and could stay there “pending the outcome of enquiries to be made by ASIC and ASX into a number of issues concerning ISX”.

Shares of pharma company Mayne Pharma Group Ltd (ASX: MYX) are up around 20% after announcing a new deal in the US.

Hub24 Ltd (ASX: HUB) has dropped a further 4.7% after yesterday’s decision by the RBA to lower its interest rate.

The fall of the share market has hurt the Pendal Group Ltd (ASX: PDL) share price by 3.9%.

But share markets falling can be good for some shares, like gold miners – the Northern Star Resources Ltd (ASX: NST).

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