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

Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX: XAO), is currently up 0.16% at lunch.

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 0.16% at lunch.

The BHP Group Ltd (ASX: BHP) share price is up 1.7% and is leading the ASX index higher on the back of rising prices of resources, such as oil which is up 2.3%.

Investors have reacted positively to gold mining giant Newcrest Mining Limited (ASX: NCM) with its December 2018 quarter update showing production was up, the share price has risen 3.2% so far today.

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Other shares to get a boost from the resources recovery is the Sandfire Resources NL (ASX: SFR) share price which is up 5.8% and the Fortescue Metals Group Limited (ASX: FMG) share price is up 5%.

The Mayne Pharma Group Ltd (ASX: MYX) share price is up nearly 1.5%, the pharmaceutical company announced that it has launched its TOLSURA 65mg capsule in the US.

Shares of GUD Holdings Limited (ASX: GUD) are down almost 11% after reporting its half year result to the market.

Buy now, pay later business Zip Co Ltd (ASX: Z1P) shares are down 3.4% despite reporting solid growth in the December 2018 quarter.

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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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