The All Ordinaries Index (ASX: XAO) is enjoying another day of big gains today, up 1.5% at the time of writing.
But 2 ASX All Ords shares are running far hotter than that.
This ASX All Ords share is up 18%
Online luxury goods retailer Cettire Ltd (ASX: CTT) is soaring today, hitting an intraday high of $1.78, up 19.5%.
Cettire offers some 200,000 products on its website, representing more than 1,700 high-end brands.
We’ve heard no price-sensitive news out of Cettire since 7 February, when the company announced its China launch.
Cettire shares closed yesterday at $1.49 and are currently trading for $1.67. This is a welcome turnaround for ASX investors who have watched this All Ords share slide 54% over the past 6 months.
That slide continued despite some strong half-year results from Cettire, reported on 3 February. Those results included a 181% lift in sales revenue compared to the prior corresponding period, with sales reaching $114 million.
Also charging higher…
Our second ASX All Ords share leaping today is the cloud platform service provider, Dubber Corp Ltd (ASX: DUB).
The Dubber share price hit an intraday high of $1.38 in earlier trading, up 16%.
Dubber shares closed yesterday at $1.19 and are currently trading for $1.34.
As with Cettire, Dubber has also taken a beating over the past 6 months. Its shares are down 66% despite today’s big lift.
With no price-sensitive news out, Dubber looks to be benefitting from improved sentiment in the tech sector. This has sent the S&P/ASX All Technology Index (ASX: XTX) 3.75% higher today.
The post 2 ASX All Ords shares jumping more than 15% today appeared first on The Motley Fool Australia.
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The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Cettire Limited and Dubber Corporation. The Motley Fool Australia owns and has recommended Dubber Corporation. The Motley Fool Australia has recommended Cettire Limited. 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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