2 ASX All Ordinaries shares hitting multi-year highs on Monday

It’s a rough day for the All Ordinaries Index (ASX: XAO), but two of the shares that call it home are having a party.

They’ve soared as much as 9% today to hit new multi-year, or all-time, highs. Meanwhile, the benchmark index has slipped 0.34% at the time of writing.

So, without further ado, here are the All Ordinaries shares leaping to long-forgotten highs on Monday.

2 ASX All Ordinaries shares trading at their highest in years

The share price of department store operator Myer Holdings Ltd (ASX: MYR) is leaping on Monday despite the company’s silence.

It is sitting at a high of 74 cents at the time of writing – marking a 10.5% gain on the previous close and its highest point since April 2019.

The latest happening was the company’s appointment of Terrence McCartney to its board earlier this month. McCartney was nominated to join the board by major Myer shareholder Premier Investments Limited (ASX: PMV), headed by Solomon Lew.

At its annual general meeting (AGM) last fortnight, Myer also revealed the first 13 weeks of financial year 2022 was its best start to a fiscal year on record.

Another All Ordinaries share hitting multi-year highs on Monday is Supply Network Limited (ASX: SNL). Indeed, stock in the aftermarket automotive parts supplier reached its highest level ever earlier today.

It soared 5.8% to trade at a record $12.18 at its intraday high before sliding back down again. Right now, Supply Network shares are trading just 0.78% higher at $11.60.

Interestingly, there’s been no news from the company this month. The last time the market heard price-sensitive news from the stock was way back in August.

Then, it dropped its audited results for the 12 months ended 30 June, posting a 22% year-on-year jump in revenue and a 44.6% increase in after-tax profits, coming in at $198.5 million and $20 million, respectively.

The post 2 ASX All Ordinaries shares hitting multi-year highs on 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 Supply Network Limited. The Motley Fool Australia has positions in and has recommended Supply Network Limited. The Motley Fool Australia has recommended Premier Investments 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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