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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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).

At the time of publishing, Jaz does not have a financial interest in any of the companies mentioned.