3 ASX All Ords shares smashing new highs on Monday

It’s been a bumpy start to the trading week for the All Ordinaries Index (ASX: XAO) and ASX shares this Monday. As the close of trade looms closer, the All Ords is up a nervous 0.14% at just over 7,065 points after spending time in both positive and negative territory over today’s session.

But that doesn’t mean it has been a bumpy day for all All Ords shares. In fact, here are three that have just hit new highs during this Monday’s session, some of them record highs.

3 All Ords shares that just hit new highs

Whitehaven Coal Ltd (ASX: WHC)

All Ords coal mining company Whitehaven is one of these shares. The miner has put on an impressive 6.59% at present to $8.49 a share. But earlier in today’s session, Whitehaven rose as high as $8.59 a share. This is a new record high for Whitehaven and no doubt very welcome for the company’s investors.

As my Fool colleague Bernd covered this afternoon, ASX coal shares are all benefitting from surging coal prices, which are nearing record levels. The Whitehaven share price is now up an extraordinary 900% or so over the past two years.

Lovisa Holdings Ltd (ASX: LOV)

All Ords retail share Lovisa is another company that has enjoyed some robust share price appreciation this Monday. As it currently goes, Lovisa shares have risen by a pleasing 4.10% to $22.99 each. But this company touched $23.95 a share soon after market open this morning, its new record high.

These gains from Lovisa appear to be a consequence of some big news for the company this morning. Lovisa is set to join the S&P/ASX 200 Index (ASX: XJO) later this month when the index undergoes its next quarterly rebalance.

This is good news for the company, as ASX 200 inclusion results in ASX 200 index funds having to add Lovisa shares to their portfolios. It also could open up ASX 200-restricted managed funds to the company as well.

NRW Holdings Limited (ASX: NWH)

NRW Holdings is another All Ords share impressing investors this Monday. This ASX construction and mining contracting company has gained a solid 2.83% today to $2.54 a share. That’s bang on NRW’s new 52-week high.

There’s been no fresh news that might easily explain this move higher. However, NRW shares have been in demand for a while now. The company is now up an impressive 49% since the start of July.

The post 3 ASX All Ords shares smashing new highs on Monday appeared first on The Motley Fool Australia.

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More reading

• Why is the Whitehaven share price having such a stellar session today?
• Why Allkem, Capricorn Metals, Lovisa, and Pilbara Minerals shares are rising today
• Here’s why the Lovisa share price leapt 8% on Monday
• Why are ASX 200 coal shares smashing the market on Monday?
• Why these 3 ASX shares could be in for a massive boost this month

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Lovisa Holdings 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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