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ASX200 higher; 4DMedical up 22%; BHP up 4% on Woodside merger.

  • The ASX200 is trading 0.58% higher at 7397.70 after lunchtime.
  • 4DMedical share price shooting 22% higher on I-MED partnership.
  • BHP rises 4% on A$41 billion petroleum merger with Woodside.

The Australian market is trading 0.58% higher today at 7347.50 after lunchtime buoyed by gains from majors BHP and Woodside after the companies sealed a A$41 billion merger deal yesterday afternoon.

The tech sector is down today as Afterpay and WiseTech Global each shed more than 6%.

One bitcoin is down 2.72% and trading at US$56,534.00 at 1pm AEDT.

The 4DMedical share price is shooting higher some 22% today following the rollout of the company?s respiratory imaging platform. The medtech company advised the market that it has partnered with I-MED Radiology Network for the commercial rollout of its XV Lung Ventilation Analysis Software.

Making headlines, diversified resources company BHP?s share price is up 4% today after it emerged the company was moving ahead with Woodside Petroleum regarding the historic A$40 billion petroleum merger. Under the deal, Woodside will acquire BHP?s petroleum assets in return for a 48% stake in the combined company.

And, singer Adele has thrown her celebrity weight around, persuading Spotify to take the shuffle button off all album pages so tracks play in the artist's own order.