3 ASX All Ordinaries shares having a cracking Monday

Three businesspeople leap high with the CBD in the background.Three businesspeople leap high with the CBD in the background.

The All Ordinaries Index (ASX: XAO) is having a rough start to the week, but these shares are bucking the trend.

While the index is slumping 0.9% at the time of writing, they’re shooting up to 8.5% higher.

Let’s take a closer look at what’s going on with the shares outperforming their All Ordinaries peers on Monday.

3 ASX All Ordinaries shares leaping higher today

Appen Ltd (ASX: APX)

The Appen share price is taking off on Monday despite its removal from the S&P/ASX 200 Index (ASX: XJO). The tech stock was kicked out of the index as part of June’s quarterly rebalance which took effect this morning.

The news doesn’t appear to have damped the ASX All Ordinaries share price, though. Right now, it’s trading 8.54% higher at $5.72.

It’s also a good day for the broader technology sector. The S&P/ASX All Technology Index (ASX: XTX) is currently up 0.5% while the S&P/ASX 200 Information Technology Index (ASX: XIJ) has gained 0.73%.

Infomedia Limited (ASX: IFM)

Another ASX All Ordinaries share partying on Monday is Infomedia. It’s been propelled into the green on the back of a third takeover offer.

Right now, the Infomedia share price is $1.605, 7.72% higher than its previous close.

The automotive industry-focused software-as-a-service provider has been handed a $1.70 per share takeover offer from Solera Holdings.

It has received two other bids in the last few weeks. The first was also worth $1.70 per share while the second was higher at $1.75 per share.

Whether competition for Infomedia breaks into a full-blown bidding war is yet to be seen.

BetMakers Technology Group Ltd (ASX: BET)

The last of today’s ASX All Ordinaries overachievers is the BetMakers share price. The stock has surged 5.31% to trade at 34 cents each on Monday.

While there’s been no news from the bookmaker today, its peer PointsBet Holdings Ltd (ASX: PBH) is heading upwards on news of a strategic investment.

The interest in a fellow ASX betting company may have bolstered sentiment surrounding BetMakers.

The post 3 ASX All Ordinaries shares having a cracking Monday appeared first on The Motley Fool Australia.

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Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Appen Ltd, Betmakers Technology Group Ltd, Infomedia, and Pointsbet Holdings Ltd. The Motley Fool Australia has recommended Betmakers Technology Group Ltd, Infomedia, and Pointsbet Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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