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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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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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