It’s a cloudy day on the ASX, but some All Ords shares are still shining brightly

The All Ordinaries Index (ASX: XAO) is limping towards the weekend, wobbling in and out of the green on Friday. But while the index struggles to gain traction, some ASX All Ords shares are posting notable gains.

Right now, the All Ords is down 0.04%. Meanwhile, its top performing constituents are boasting gains as high as 11.3%.

Let’s take a look at some of the All Ords shares outperforming on Friday.

These All Ords shares are defying the ASX’s downturn

It’s been a rough week on the market. Indeed, the benchmark index is on track to finish the week 3.7% lower than it closed last week’s trade. But it’s not all doom and gloom. Plenty of All Ords shares are boasting notable gains on Friday.

The index is currently being led by three shares, each operating in vastly different spaces.

Oil and gas explorer Carnarvon Energy Ltd (ASX: CVN) is in the lead, posting a 11.3% gain to trade at 16.7 cents. It’s joined in the All Ords top three performers by minerals explorer and developer 5E Advanced Materials Inc (ASX: 5EA) – up 7.5% to $2.28 – despite the prices of both oil and major commodities falling overnight.

The Cettire Ltd (ASX: CTT) share price is also posting a decent performance, lifting 7.9% to trade at 75 cents. That’s despite no news having been released by the online luxury goods retailer.

Many larger ASX All Ords shares are also putting on a strong performance today.

The Macquarie Group Ltd (ASX: MQG) share price, for one, is lifting 2% right now. Meanwhile, shares in Clinuvel Pharmaceuticals Limited (ASX: CUV) are up 3.9%.

Finally, tech favourite and ASX constituent Life360 Inc (ASX: 360) is also well and truly in the green, having lifted 6.4% at the time of writing.

The post It’s a cloudy day on the ASX, but some All Ords shares are still shining brightly appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Analysts name 2 ASX 200 dividend shares to buy now
• Why is the ASX 200 diving 2% on Tuesday?
• 3 ASX All Ords shares that leapt over 10% today
• Here are the top 10 ASX 200 shares today
• Why did this ASX 200 healthcare share rocket 16% today?

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 Cettire Limited and Life360, Inc. The Motley Fool Australia has recommended Cettire Limited and Macquarie Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/sKpkfFh