Monday is proving to be a good day for the All Ordinaries Index (ASX: XAO) as many shares that call the index home boost it higher.
Indeed, these three are posting gains of as much as 11% right now. Meanwhile, the All Ords index is up 0.64% at the time of writing.
So, whatâs driving these All Ords shares to outperform? Keep reading to find out.
3 ASX All Ords shares posting major gains on Monday
The first All Ords share taking off today is Tasmanian whiskey crafter Lark Distilling Co Ltd (ASX: LRK). The company posted its quarterly report this morning.
It brought in $4.2 million of sales over the three months ended 30 September â a 3% increase on the prior comparable period (pcp). Its gross profit margin also rose to 67.7% while its cash position remained strong at around $10 million.
The update appears to have surprised the market. It has bid the Lake Distilling share price up to $2.06 right now â marking a 10.75% gain on its previous close.
Lark Distilling is joined in the green by the share price of All Ords online furniture and homewares retailer Temple & Webster Group Ltd (ASX: TPW). Itâs gained 9.47% to trade at $5.55 at the time of writing.
Thatâs despite no news having been released by the company.
Though, itâs worth noting Temple & Websterâs stock has dumped around 47% year to date after a rough start to 2022. Todayâs rise sees it trading around 5% lower than its September high.
Finally, the share price of All Ords tech favourite Life360 Inc (ASX: 360) is taking off on Monday, gaining 6.55% to reach $6.83.
Once again, thereâs been no news from the former S&P/ASX 200 Index (ASX: XJO) company. Todayâs gain included, its stock has fallen around 28% year to date.
The post 3 ASX All Ords shares starting the week on fire appeared first on The Motley Fool Australia.
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More reading
- Here are the 10 most shorted ASX shares
- Analysts name 2 ASX growth shares to buy next week
- Down 32% in 2022, this ASX All Ords share is a bargain-buy opportunity: WAM
- How Iâd aim to find under-the-radar ASX shares that are pandemic-era bargains
- 3 ASX All Ordinaries shares leaping more than 10% on quarterly updates
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 Life360, Inc. and Temple & Webster Group Ltd. The Motley Fool Australia has recommended Temple & Webster Group 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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