Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 1.75% at lunch.
The Commonwealth Bank of Australia (ASX: CBA) share price is currently up 4.7% in response to the Royal Commission Report where the major banks don’t appear as though they will be heavily affected.
Shares of Westpac Banking Corp (ASX: WBC), National Australia Bank Ltd (ASX: NAB) and Australia and New Zealand Banking Group (ASX: ANZ) are up 7.2%, 4.9% and 6% respectively.
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The big ASX bank shareholders aren’t the only ones partying at lunch. The AMP Limited (ASX: AMP) share price is up 9.3% and the IOOF Holdings Limited (ASX: IFL) share price is up 13.7% in response to the Royal Commission report.
However, it’s not such good news for every ASX business. Mortgage broking firms Mortgage Choice Limited (ASX: MOC) and Australian Finance Group Ltd (ASX: AFG) are down 25% and 29% respectively.
Real estate business Shopping Cntrs Austrls Prprty Gp Re Ltd (ASX: SCP) is currently up 0.4% after handing in its half year result to the share market.
Shares of FlexiGroup Limited (ASX: FXL) are down 7.9% in response to revising its full year cash profit guidance.
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