3 ASX All Ordinaries shares defying today’s sell-off to surge higher

The All Ordinaries Index (ASX: XAO) is 0.48% in the red today, but three ASX All Ordinaries shares are surging higher.

Energy Resources of Australia Limited (ASX: ERA), Unibail-Rodamco-Westfield (ASX: URW) and Beacon Lighting Group Ltd (ASX: BLX) shares are all in the green.

Let’s take a look at why these three shares are rising.

Unibail-Rodamco-Westfield

Unibail shares are soaring nearly 6% today. The company advised it has appointed Audrey Arnoux as Group Director of Investor Relations. Arnoux will work with the company and local teams to develop and expand relationships with investors and financial analysts.

Commenting on the news, Chief financial officer Fabrice Mouchel said:

I am excited to welcome Audrey to lead our Investor Relations function. Her significant capital markets and investor relations experience will be a tremendous asset for URW and I look forward to working with her to further strengthen our relationships with the financial
community

Energy Resources

Energy Resources shares are surging 7% today. The company produces uranium from the Ranger Mine in the Northern Territory. Energy Resources advised that chairman Peter Mansell and independent non-executive directors Paul Dowd and Shane Charles are intending to resign from the board of the company.

Rio Tinto had called for Mansell to resign to allow for board renewal. Rio Tinto is the majority shareholder of Energy Resources.

Energy Resources also provided a table responding to recent media reporting.

Beacon Lighting

Beacon Lighting shares are lifting 5.7% today. This is despite no news out of the company. Meanwhile, the S&P/ASX 200 Consumer Discretionary is down 0.19% today.

Beacon is an ASX consumer share selling lighting, globes and ceiling fans. Beacon’s gross profit margin lifted to 69.1% in FY22. The company recorded record sales of $304.3 million and a record EBITDA of $92.7 million. Beacon is planning to open five new stores in FY23.

Sales in the USA lifted 51.9% in FY22. In recent news, data from the USA shows spending increased 0.4% in the month of August in the USA, CNBC reported.

The post 3 ASX All Ordinaries shares defying today’s sell-off to surge higher appeared first on The Motley Fool Australia.

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