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ALL ORDINARIES Index Rises, Appen (ASX:APX) Shares Fall

Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.38% at lunch.
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Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 0.38% at lunch.

One of the main movers of the morning is machine learning and AI company Appen Ltd (ASX: APX). Its share price is down nearly 8% with the tech business coming out of a trading halt after raising capital for its acquisition.

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The IPH Ltd (ASX: IPH) share price is up 1.2% after making a bold takeover offer for rival firm Xenith IP Group Ltd (ASX: XIP), which has risen 11.2% in response to the takeover attempt.

Today’s index rise is being driven by resource businesses. The BHP Group Ltd (ASX: BHP) share price is up 1.5% and the Rio Tinto Limited (ASX: RIO) is also up 1.5%.

Shares of Lifestyle Communities Limited (ASX: LIC) are flat despite announcing an acquisition for another community on the Mornington Peninsula.

The ASX 200’s best performer at lunch is WiseTech Global Ltd (ASX: WTC), it is up 5.3% so far.

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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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