Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is down by 0.5% at lunch.

The main culprit for the ASX’s fall at lunch is BHP Billiton Limited (ASX: BHP), it is down 2.62% with the oil price dropping by nearly US$5 per barrel over the weekend due to Saudi Arabia oversupply fears.

One of the major movements today is Metcash Limited (ASX: MTS), its shares are down 14% after reporting the loss of a major customer.

Fisher & Paykel Healthcare Corp Ltd (ASX: FPH) shares have dropped by 1.8% so far after reporting its full year profit to investors this morning.

Iron ore business Fortescue Metals Group Limited (ASX: FMG) is down 1.3% after approving the US$1.3 billion Pilbara project.

The Reliance Worldwide Corporation Ltd (ASX: RWC) share price is up 17% this morning after coming out of its trading halt after announcing it would making a $1.22 billion purchase of UK business John Guest.

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