BHP Is Weighing On The ALL ORDINARIES Index

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is down by 0.05% at lunch, it's almost flat.

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Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is down by 0.05% at lunch, it’s almost flat. The BHP Billiton Limited (ASX: BHP) share price is down by 0.7% with news that negotiations between the US and China have stalled.

The biggest gain in the ASX200 so far has been Alumina Limited (ASX: AWC), the commodity company has gone up by almost 4% today on no news.

At the other end of the market several other commodity companies are the worst performers. Syrah Resources Ltd (ASX: SYR) is down by 3.21%, Orocobre Limited (ASX: ORE) is down 3.09%, Western Areas Ltd (ASX: WSA) has fallen 2.27% and Independence Group NL (ASX: IGO) has dropped by 2.2%.

The story surrounding Blue Sky Alternative Investments Ltd (ASX: BLA) has continued. Investors seem interested today as the share price has actually risen by nearly 5% today to almost $6, although it is a long way below its high of $14.70 late last year.

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Hey, you, read this disclaimer: This article contains information only. It is not financial advice. It is no substitute for trusted and licensed financial advice and should not be relied upon. By using our website you agree to our Code of EthicsDisclaimer & Terms of Use and Privacy Policy. Also, don’t forget, past performance is not a reliable indicator of future performance. 

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