ALL ORDINARIES Index Up, Rio Tinto (ASX:RIO) Shares Rise

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 0.59% at lunch.

The share prices of resource businesses are among some of the strongest today with Rio Tinto Limited (ASX: RIO) up 1.3%, Woodside Petroleum Limited (ASX: WPL) up 1.2% and South32 Ltd (ASX: S32) is up 1.2%.

Shares of Corporate Travel Management Ltd (ASX: CTD) went into a trading halt after the short seller issued a rebuttal and now management want time to formulate another reply. The share price of Corporate Travel is down 30% over the past month.

The Greencross Limited (ASX: GXL) has drifted 0.2% lower today after announcing it was subject to a takeover.

Organic infant formula business Bellamy’s Australia Ltd (ASX: BAL) is up 4.3%, making it the biggest gain within the ASX 200 so far.

At the negative end of the ASX 200 is lithium business Orocobre Limited (ASX: ORE), its share price is down 3.1% so far at lunch.

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Jaz Harrison

Jaz Harrison

Jaz is a keen investor who loves to thoroughly poke holes in an investment idea before it has a chance of making it into her portfolio. Jaz invests for the long-term and doesn't sweat the small stuff. She strongly believes that empowering people with knowledge is the best way for them to take charge of their finances, which is exactly the approach she takes with her own money and investments.