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ALL ORDINARIES Index Up, BHP Shares Rise

Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.64% at lunch.
Lunch ASX update

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 0.64% at lunch.

The biggest contributor to the index performing well today is BHP Billiton Limited (ASX: BHP) the giant resources company’s share price is currently up 2.13%.

The Seek Limited (ASX: SEK) share price is down 8.5% after announcing it will make a net $142 million impairment against some of its international job portal investments. However, excluding the write-downs it said that FY18 would be at the high end of guidance and FY19 revenue growth could be up to 20%.

Amcor Limited (ASX: AMC) shares are currently in a trading halt, it is believed that it is acquiring Bemis in the US for $7 billion.

The share with the highest gain today is NIB Holdings Limited (ASX: NHF), it’s up 4.11% today after announcing that it would be buying the insurance travel business from QBE Insurance Group Ltd (ASX: QBE) for $25 million.

$50,000 per year in passive income from shares? Yes, please!

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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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