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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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