3 ASX All Ords shares cracking new highs on Monday

Three stocks listed in the All Ordinaries Index (ASX: XAO) are making bold moves today, hitting new highs.

This may be surprising news as the All Ords is down 0.79% at the time of writing, putting it in the middle of its 52-week range. Meanwhile, the S&P/ASX 200 Index (ASX: XJO) is also trading 0.76% lower.

So let’s check which companies made new highs on Monday.

NIB Holdings Limited (ASX: NHF)

The NIB share price is up 6.95% at the time of writing at $7.775 per share after hitting a 52-week high of $7.79 earlier today. The health insurance fund posted its earnings for FY22 this morning, with underlying operating profit rising 14.8%. It also announced a fully franked dividend of 11 cents per share.

Other highlights from the company’s earnings report included group underlying revenue growing 7.2% year-over-year (YoY) to $2.8 billion and a reduction in its net profit after tax (NPAT). It fell 16.6% to $133.8 million, with the company citing volatility in investment markets as the reason for the contraction.

APM Human Services International Pty (ASX: APM)

Shares in the global human services provider are currently trading for $3.45 after hitting an all-time high of $3.55 this morning. There have been no announcements from the company today.

In fact, its most recent news came on Friday last week after the company announced 275,930,211 fully paid shares will be released from voluntary escrow on 29 August. The shares will be released to Madison Dearborn Capital Partners and their associates for a value of $962 million. That’s around a third of APM’s current market capitalisation of $3.16 billion.

Mader Group Ltd (ASX: MAD)

Shares in the global infrastructure maintenance provider hit an all-time high of $3.33 each this morning. They’ve since settled at $3.15 a share at the time of writing, up 2.61%. Again, there was no news from the company today.

The Mader Group made its last announcement to the market in July, noting it had beaten its previous market guidance. The company expected to beat its revenue guidance by 9%, delivering a total of $402.1 million in unaudited revenue. Audited results for FY22 are expected on Tuesday this week.

The post 3 ASX All Ords shares cracking new highs on Monday appeared first on The Motley Fool Australia.

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More reading

• Why EML, Nearmap, NIB, and Nick Scali shares are charging higher
• NIB share price gains 6% despite net profit drop in FY22
• 5 things to watch on the ASX 200 on Monday
• Here are the top 10 ASX 200 shares today
• Is this why the NIB share price is lagging Medibank on Friday?

Motley Fool contributor Matthew Farley has no position in any of the stocks mentioned. 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 recommended NIB Holdings Limited. 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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