ALL ORDINARIES Down, NAB (ASX:NAB) Shares Fall


Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 0.26% at lunch.

The National Australia Bank Ltd (ASX: NAB) share price is down 1.8% this morning. Last week the bank lost both its CEO and Chairman as they handed in their resignations.

NAB isn’t the only large bank in the red by more than 1%. The Westpac Banking Corp (ASX: WBC) share price is down 1.8% as well, Australia and New Zealand Banking Group (ASX: ANZ) shares are down 1.6% and the Commonwealth Bank of Australia (ASX: CBA) share price is down 1.3% at lunch

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The Bendigo and Adelaide Bank Ltd (ASX: BEN) share price is down 4.4% with investors responding to its half year report, which showed a drop in profit.

Shares of JB Hi-Fi Limited (ASX: JBH) are up 2.75% after the electronics retailer beat expectations with its half year result and forecast profit growth for the full 2019 year.

Packaging business Amcor Limited (ASX: AMC) sent its share price up 1.4% this morning after reporting its profit figures to the market.

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Jaz Harrison

Jaz Harrison

Jaz 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.