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ALL ORDINARIES Index Rises, Appen (ASX:APX) Shares Fall

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 0.38% at lunch.

One of the main movers of the morning is machine learning and AI company Appen Ltd (ASX: APX). Its share price is down nearly 8% with the tech business coming out of a trading halt after raising capital for its acquisition.

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The IPH Ltd (ASX: IPH) share price is up 1.2% after making a bold takeover offer for rival firm Xenith IP Group Ltd (ASX: XIP), which has risen 11.2% in response to the takeover attempt.

Today’s index rise is being driven by resource businesses. The BHP Group Ltd (ASX: BHP) share price is up 1.5% and the Rio Tinto Limited (ASX: RIO) is also up 1.5%.

Shares of Lifestyle Communities Limited (ASX: LIC) are flat despite announcing an acquisition for another community on the Mornington Peninsula.

The ASX 200’s best performer at lunch is WiseTech Global Ltd (ASX: WTC), it is up 5.3% so far.

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