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ALL ORDINARIES Index Flat, BHP (ASX:BHP) Shares Rise

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

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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