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.

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.

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