Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently flat at lunch.
The BHP Billiton Limited (ASX: BHP) share price is up 1.5%, making it the biggest contributor to the index. The reason for the rise could be because of BHP’s special dividend announcement.
Shares of Austal Limited (ASX: ASB) are up 3.2%, the shipbuilder announced that the US Department of Defence has awarded Austal USA a contract to build two Littoral Combat Ships for the US Navy.
The Speedcast International Ltd (ASX: SDA) share price is down 1%. The critical communications company announced a $134 million acquisition of Globecomm, another remote communications and multi-network infrastructure business that operates in over 100 countries.
Cannabis company Auscann Group Holdings Ltd (ASX: AC8) saw its share price fall down 2.4% after giving the market a leadership transition update.
The Australian Pharmaceutical Industries Ltd (ASX: API) share price is down 5% after announcing a major merger plan last week.
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Disclaimer: Any information contained in this article is limited to general financial/investment advice only. The information has not taken into account your specific needs, goals or objectives, so please consider consulting a licenced and trusted adviser before acting on the information. Please read The Rask Group’s Financial Services Guide (FSG) for more information. This article is authorised by Owen Raszkiewicz of The Rask Group, which is a corporate authorised representative No. 1264179 of Strawman Pty Ltd (ACN: 610 908 211) (AFSL: 501 223).