Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 0.04% at lunch.
The Bellamy’s Australia Ltd (ASX: BAL) share price has gone up by 54% after receiving a large takeover offer from a Chinese dairy giant.
The a2 Milk Company Ltd (ASX: A2M) share price is up 4.4% in positive solidarity excitement with its infant formula peer.
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The share price of Oil Search Limited (ASX: OSH) is up almost 6% in reaction to the soaring oil price after the Saudi Arabia drone attack. A rising oil price is bad for airlines, which is why the Qantas Airways Limited (ASX: QAN) share price is down 3.6%.
Shares of iSignthis Ltd (ASX: ISX) have gone bananas this morning, it’s up by 16.2% after getting positive patent news.
A negative trading update has punished the Sims Metal Management Ltd (ASX: SGM) share price, sending it down by over 16%. Investors are fearing the worst for BlueScope Steel Limited’s (ASX: BSL) near-term prospects, sending its share price down 4.4%.
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