Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 0.26% at lunch.
The Commonwealth Bank of Australia (ASX: CBA) share price is helping the index, it’s up 1.12% on the back of the news that regulator APRA is ending its cap on interest only loans. Other banks are also getting a boost from the news, Australia and New Zealand Banking Group (ASX: ANZ) shares are up 1.56%.
The private health insurers have announced the approved average premium increases. The Medibank Private Limited (ASX: MPL) share price is up 1.27% and NIB Holdings Limited (ASX: NHF) shares are actually down 0.1%.
Orica Ltd (ASX: ORI) shares are down 0.1% after the explosives business held its AGM today.
The Bega Cheese Ltd (ASX: BGA) share price has fallen over 11% after the cheese company warned of difficult trading conditions. The dairy company reported that the drought has caused the overall milk supply to be down more than 5% in the current financial year.
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Disclaimer: Any information contained in this article is limited to general financial/investment advice only. The information has not taken into account your specific needs, goals or objectives, so please consider consulting a licenced and trusted adviser before acting on the information. Please read The Rask Group’s Financial Services Guide (FSG) for more information. This article is authorised by Owen Raszkiewicz of The Rask Group, which is a corporate authorised representative No. 1264179 of Strawman Pty Ltd (ACN: 610 908 211) (AFSL: 501 223).