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ALL ORDINARIES Index Rises, BHP Shares Climb

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 0.85% at lunch. 

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 0.85% at lunch.

A big player in the index’s gain is BHP Billiton Limited (ASX: BHP), it is currently up 2.4% after announcing it was selling its US shale assets for US$10.8 billion and it would pay the money to shareholders.

However, the index isn’t being helped by AMP Limited (ASX: AMP) dropping another 4.3% so far today, it announced a raft of changes to fix the business as well as a compensation package of $290 million.

After yesterday’s merger news Nine Entertainment Co Holdings Ltd (ASX: NEC) is down another 2%, Fairfax Media Limited (ASX: FXJ) is down 1.8% and Domain Holdings Australia Ltd (ASX: DHG) has fallen 0.15%.

The Afterpay Touch Group Ltd (ASX: APT) share price has risen 4% at lunch. Investors have increased the share price of the buy now, pay later business significantly since its June 2018 update.

Gold miners are taking a tumble today with St Barbara Ltd (ASX: SBM) one of the worst affected, it’s down 6.8%.

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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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