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ALL ORDINARIES Rises, BHP (ASX:BHP) Shares Up

Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 1.04% at lunch.

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 1.04% at lunch.

One of the biggest contributors to the index’s rise is BHP Group Ltd (ASX: BHP), the resource giant’s share price is up 2.93% with a bit of confidence returning to international share markets.

Other resource businesses getting a major boost include the Woodside Petroleum Limited (ASX: WPL) share price which is up 3.86%, the South32 Ltd (ASX: S32) share price is up 3.4% and the Origin Energy Ltd (ASX: ORG) share price is up 3.5%.

Leading the ASX 200 gains is organic infant formula business Bellamy’s Australia Ltd (ASX: BAL), its share price is up 5.3%. Afterpay Touch Group Ltd (ASX: APT) shares are also up 5.4%. The Appen Ltd (ASX: APX) share price is up 5.5% too.

The Speedcast International Ltd (ASX: SDA) share price is down nearly 4% after updating the market about its EBITDA expectations for FY18, which is slowly below consensus expectations (click here to learn what EBITDA means).

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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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