The new year is off to a disastrous start for the All Ordinaries Index (ASX: XAO) and most of the shares that call it home.
Despite posting a strong start to Tuesdayâs session Ââ it jumped as high as 0.47% in early trade â the benchmark index tumbled to a two-month low this afternoon.
Right now, the All Ordinaries is down 1.62% at 7,104.7 points.
Fortunately, though, not all its constituents are suffering. Weâve rounded up three that are posting gains of as much as 7%. Letâs take a look.
3 All Ordinaries shares posting whopping gains
The first All Ordinaries share defying todayâs tumble is Airtasker Ltd (ASX: ART). Stock in the online marketplace for services is leaping 2.9% to trade at 35.5 cents right now despite the companyâs silence.
Sadly, however, todayâs gain hasnât proven enough to boost the embattled share back into the long-term green. Itâs fallen 75% since it floated on the ASX in March 2021.
Next up is media and entertainment company HT&E Ltd (ASX: HT1). The All Ordinaries share is roaring 3.63% higher to swap hands for $1 apiece. Its gain comes on news of a major divestment.
The company today revealed itâs agreed to sell its 25% stake in Soprano Design to Potentia Capital for around $66.3 million in cash.
If the name Potentia rings any bells, itâs likely because it’s the private equity firm that recently put in so-far-unsuccessful bids for both Tyro Payments Ltd (ASX: TYR) and Nitro Software Ltd (ASX: NTO).
Finally, the Neuren Pharmaceuticals Ltd (ASX: NEU) share price is rocketing 7.67% right now to trade at $8.56.
Thatâs despite no news having been released by the All Ordinaries biopharmaceutical share.
Todayâs gain included, the stock is just 2.8% lower than the 15-year high it posted in November.
The post 3 ASX All Ordinaries shares defying todayâs downturn to rocket higher appeared first on The Motley Fool Australia.
FREE Guide for New Investors
Despite what some people may say – we believe investing in shares doesn’t have to be overwhelming or complicated…
For over a decade, we’ve been helping everyday Aussies get started on their journey.
And to help even more people cut through some of the confusion “experts’” seem to want to perpetuate – we’ve created a brand-new “how to” guide.
Yes, Claim my FREE copy!
*Returns as of November 7 2022
(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
- Why HT&E, Seven West Media, Tabcorp, and Weebit Nano shares are rising
- How Iâd invest $10,000 in ASX shares if I was starting from scratch in 2023
- Could this beaten-down ASX share be the next 100-bagger?
- 10 ASX shares I think are buys for 2023
- Prediction: 2 ASX shares I think could soar 1,000% in the next 10 years
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 Tyro Payments. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Airtasker. The Motley Fool Australia has recommended Tyro Payments. 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/El6iKPx
Leave a Reply