The All Ordinaries Index (ASX: XAO) has shaken off early morning losses and is currently up 0.3% for the day.
Taken as a whole, All Ordinaries shares have been struggling in recent months.
One major headwind for ASX shares has been inflation concerns. This is seeing analysts ramp up their expectations for the size and pace of interest rate hikes ahead, putting particular pressure on growth shares.
More recently, Russia’s military deployment around Ukraine had raised the spectre of a hot war in Europe.
All up we’ve seen the All Ordinaries slide 6% since the opening bell on 4 January. This has taken the 52-week gains for the index down to 4.9%.
But not all ASX shares are created equal.
3 ASX All Ordinaries shares hitting 52-week highs
Checking our screens today we note that not 1 but 3 All Ordinaries shares are notching up fresh 1-year highs.
First up we have G8 Education Ltd (ASX: GEM). G8 Education is Australia’s largest provider of early childhood education and care, operating more than 470 centres across Australia.
The G8 Education share price struggled for much of the past year before lifting strongly in 2022. Shares got another lift earlier this week on the back of strong full year results. Significantly the company reported a statutory net profit after tax (NPAT) of $45.7 million after seeing a Net Loss After Tax of $189 million the previous year.
Currently trading at $1.32 per share, the G8 Education share price is up 21.1% in 52 weeks.
The next All Ordinaries share hitting 52-week highs today is Worley Ltd (ASX: WOR). The global engineering company provides services to the resources, energy, and industrial sectors and counts as Australia’s largest oil and gas engineering group.
Worley shares had a difficult second half of 2021 before a sharp recovery this year. As with G8 Education, the Worley share price received another leg up this week after reporting its half year financial results. Along the strong results was a 259% increase in the company’s NPAT, which reached $79 million.
The Worley share price, currently at $12.57, has gained 15.4% in 12 months.
Leading the pack
The third All Ordinaries share hitting 52-week highs today is Mincor Resources NL (ASX: MCR). The ASX resource company is primarily focused on gold and nickel.
The Mincor share price began tracking higher in mid-July and really took off in early December.
Driven by surging commodity prices, the Mincor share price is up a very impressive 72% over the past 52 weeks.
There you have it.
Three not so ordinary All Ordinaries shares at 12 months highs trouncing the returns posted by the index.
The post 3 ASX All Ordinaries shares hitting 52-week highs today appeared first on The Motley Fool Australia.
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More reading
- ASX 200 (ASX:XJO) midday update: Woolworths impresses but Domino’s crashes after earnings miss
- Worley (ASX:WOR) share price launches 6% as net profits triple
- G8 Education (ASX:GEM) share price spikes 6% as profits snap back in 2021
- 2 ASX mid-cap shares hitting new 52-week highs today
- ASX 200 (ASX:XJO) midday update: Credit Corp impresses, Boral’s $3bn capital return
The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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