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ALL ORDINARIES Index (XAO) Down, Bellamy’s (ASX:BAL) Share Price Skyrockets

Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.04% at lunch. 

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 0.04% at lunch.

The Bellamy’s Australia Ltd (ASX: BAL) share price has gone up by 54% after receiving a large takeover offer from a Chinese dairy giant.

The a2 Milk Company Ltd (ASX: A2M) share price is up 4.4% in positive solidarity excitement with its infant formula peer.

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The share price of Oil Search Limited (ASX: OSH) is up almost 6% in reaction to the soaring oil price after the Saudi Arabia drone attack. A rising oil price is bad for airlines, which is why the Qantas Airways Limited (ASX: QAN) share price is down 3.6%.

Shares of iSignthis Ltd (ASX: ISX) have gone bananas this morning, it’s up by 16.2% after getting positive patent news.

A negative trading update has punished the Sims Metal Management Ltd (ASX: SGM) share price, sending it down by over 16%. Investors are fearing the worst for BlueScope Steel Limited’s (ASX: BSL) near-term prospects, sending its share price down 4.4%.

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Picture of Jaz Harrison

Jaz Harrison

Jaz is a Staff Writer for Rask. She 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.
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