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ALL ORDINARIES Index Falls, BHP Billiton (BHP) Shares Drop

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is down by 0.14% at lunch.
Lunch ASX update

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is down by 0.14% at lunch.

The BHP Billiton Limited (ASX: BHP) share price has fallen by 2.62% this morning, along with South32 Ltd (ASX: S32) which is down 2.7% after announcing it is acquiring all the shares in Arizona Mining (TSX: AZ).

Fellow resource business Galaxy Resources Limited (ASX: GXY) is the worst performer in the ASX 200, it is down 3.1%.

Goat milk product company Bubs Australia Ltd (ASX: BUB) is down 5% after coming out of a trading halt after announcing a capital raising.

One of the biggest gains in the ASX 200 so far is Greencross Limited (ASX: GXL), the pet company has a lot of ‘short’ interest, but some investors appear interested.

Gold miners are the shares showing the biggest gains today. Saracen Mineral Holdings Limited (ASX: SAR) is up 3% and St Barbara Ltd (ASX: SBM) is up 2.66% so far at lunch.

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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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