The Australian share market, or S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO) and ALL ORDINARIES (INDEXASX: XAO) (ASX: XAO) indices, are expected to open higher on Thursday morning, according to the Sydney Futures Exchange.
Here’s what you need to know:
Australian Dollar: 78.36 US cents
Oil (WTI): $US60.37 per barrel
Gold: $US1,319 per ounce
Bitcoin: $US15,044
Overnight, London-listed shares of BHP Billiton Ltd (ASX: BHP) and Rio Tinto Limited (ASX: RIO) closed 1% higher and flat, respectively.
Investing News
Closer to home on the ASX today, infant formula business Bellamy’s Australia Ltd (ASX: BAL) announced a change in its substantial shareholders. Boston-based Delta Partners and its associates announced a sale of a small portion of their shareholding in the company. Delta Partners took its position in Bellamy’s in early 2017 following a huge drop in the company’s share price.
Bellamy’s shares fell from around $12 to $4 after an extended trading halt. However, following a revival of trade going into China, a rapidly growing consumer market, the company’s shares have risen to over $10.
Shares of fellow infant formula and consumer products companies such as Blackmores Limited (ASX: BKL) and a2 Milk Company Australia Ltd (ASX: A2M) have also risen strongly.
Finally, Pushpay Holdings Ltd (ASX: PPH) (NZE: PPH) shares bounced 4% yesterday following a market update. Pushpay is a $1 billion New Zealand-based software company which has developed a platform for Church-goers to donate to their religion through technology. It is expanding in the large US market, announcing yesterday that it had achieved $US100 million in annualised monthly revenue, which it calls ACMR. Read more here.
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