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ALL ORDINARIES Index Flat, BHP (ASX:BHP) Shares Rise

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

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

The BHP Billiton Limited (ASX: BHP) share price is up 1.5%, making it the biggest contributor to the index. The reason for the rise could be because of BHP’s special dividend announcement.

Shares of Austal Limited (ASX: ASB) are up 3.2%, the shipbuilder announced that the US Department of Defence has awarded Austal USA a contract to build two Littoral Combat Ships for the US Navy.

The Speedcast International Ltd (ASX: SDA) share price is down 1%. The critical communications company announced a $134 million acquisition of Globecomm, another remote communications and multi-network infrastructure business that operates in over 100 countries.

Cannabis company Auscann Group Holdings Ltd (ASX: AC8) saw its share price fall down 2.4% after giving the market a leadership transition update.

The Australian Pharmaceutical Industries Ltd (ASX: API) share price is down 5% after announcing a major merger plan last week.

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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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