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ALL ORDINARIES Index Down, CBA (ASX:CBA) Share Price Drops

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 0.32% at lunch.

The Commonwealth Bank of Australia (ASX: CBA) share price is down 2.6% as it suffered a large profit hit in its third quarter result because of the Royal Commission customer remediation charges.

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The Galaxy Resources Limited (ASX: GXY) share price is up 2.8% after unveiling a record month of production in April 2019.

Shares of Reliance Worldwide Corporation Ltd (ASX: RWC) are down 14.1% as the plumbing supplier business downgraded its profit guidance.

Adelaide Brighton Ltd. (ASX: ABC) shares are down 0.8% despite announcing a major contract to the ASX.

The share price of IOOF Holdings Limited (ASX: IFL) has fallen over 2% in response to an update about the acquisition of Australia and New Zealand Banking Group’s (ASX: ANZ) One Path Pensions and Investments business. The ANZ share price is down 0.7%.

The Lendlease Group (ASX: LLC) share price is up nearly 9% with rumours of a takeover in the media.

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