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ALL ORDINARIES Index Grows, BHP Shares Climb Again

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is up by 0.7% at lunch.
Lunch ASX update

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is up by 0.7% at lunch.

Resource companies are boosting the index again with BHP Billiton Limited (ASX: BHP) up by 2.04%, South32 Ltd (ASX: S32) shares have increased by 2.22% and the Rio Tinto Ltd (ASX: RIO) share price has increased by 2.01%.

Other Australian blue chips have also risen today, Telstra Corporation Ltd (ASX: TLS) has risen by 1.63% and Westpac Banking Corp (ASX: WBC) is up by 1.38%.

Wesfarmers Ltd (ASX: WES) shares are up 1.25% after giving an investor presentation. Investment bank Citigroup also came up with a list of potential acquisitions.

Investors appear to have chickened out of Inghams Group Ltd (ASX: ING), the poultry company is down 9.3% after the CEO announced he is stepping down.

The Godfreys Group Ltd (ASX: GFY) share price is unmoved after announcing it may have cashflow issues.

Fund manager Magellan Financial Group Ltd (ASX: MFG) is up 0.45% after revealing that its funds under management increased.

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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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