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ALL ORDINARIES Index Rises, BHP Billiton (BHP) Shares Up

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 0.60% at lunch.

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 0.60% at lunch.

The biggest contributor to the index’s positive start to the day is BHP Billiton Limited (ASX: BHP). The resources giant is up by more than 3% with commodity prices improving overnight.

Shares of Bega Cheese Ltd (ASX: BGA) have gained almost 2% this morning after announcing it would spend $250 million on a dairy processing facility in Victoria.

Investors seem to be more positive on USA-related businesses on the ASX with Appen Ltd (ASX: APX) and Altium Limited (ASX: ALU) up by more than 1% whilst Afterpay Touch Group Ltd (ASX: APT) is up by 4.2%.

Listed investment company Bki Investment Co Ltd (ASX: BKI) reported its financial results today showing a 1% increase to the dividend.

Education business Navitas Limited (ASX: NVT) is down 6.6% after announcing the closure of some of its segments.

Did you know Warren Buffett was a millionaire in his late 20’s but ‘only’ worth $300m at his 50th birthday? Now he is a $US84 billion investor.

That means he made 99% of his wealth after turning 50! How does a 50-year-old do that? Download the free Aussie investing ebook, “What Buffett’s Investing Checklist Can Teach Aussie Investors“ when you join the free Rask Group Investor Club Newsletter. You’ll get insights into the 4 steps Buffett uses to pick his investments.

Click here to join The Rask Group’s Investor Club Newsletter and Download The Ebook!

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Picture of Jaz Harrison

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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