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ALL ORDINARIES Index Grows, BHP Shares Climb Again

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is up by 0.7% at lunch.

Resource companies are boosting the index again with BHP Billiton Limited (ASX: BHP) up by 2.04%, South32 Ltd (ASX: S32) shares have increased by 2.22% and the Rio Tinto Ltd (ASX: RIO) share price has increased by 2.01%.

Other Australian blue chips have also risen today, Telstra Corporation Ltd (ASX: TLS) has risen by 1.63% and Westpac Banking Corp (ASX: WBC) is up by 1.38%.

Wesfarmers Ltd (ASX: WES) shares are up 1.25% after giving an investor presentation. Investment bank Citigroup also came up with a list of potential acquisitions.

Investors appear to have chickened out of Inghams Group Ltd (ASX: ING), the poultry company is down 9.3% after the CEO announced he is stepping down.

The Godfreys Group Ltd (ASX: GFY) share price is unmoved after announcing it may have cashflow issues.

Fund manager Magellan Financial Group Ltd (ASX: MFG) is up 0.45% after revealing that its funds under management increased.

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