Over the last 12 months the All Ordinaries (Index: ^AXAO) (ASX: XAO) has managed to carve out a gain of 2.6%.
Doing a lot of the heavy lifting were the five shares listed below. These five shares have been far and away the biggest movers on the index during the last 12 months. Here's why:
The Champion Iron Ltd (ASX: CIA) share price has been the biggest mover on the All Ordinaries during the last 12 months, rising a massive 308%. Investors have been snapping up shares in the Canada-based iron ore development and exploration company due to the significant potential of its iron resources in the south end of the Labrador Trough in the province of Québec.
The Freedom Insurance Group Ltd (ASX: FIG) share price has gained 140% since listing on the ASX late last year. The life insurance product provider has doubled its market share of direct life insurance sales in Australia this year, leading to management upgrading its full-year guidance twice.
The a2 Milk Company Ltd (Australia) (ASX: A2M) share price is up a massive 135% during the last 12 months. Strong demand out of China for its infant formula products has led to management predicting bumper profit growth this year. Although its shares look expensive now, I would be very interested in buying the dips.
The Lynas Corporation Ltd (ASX: LYC) share price is up 107% since this time last year. The mining company's shares have been on a tear over the last 12 months thanks to a much improved business performance following a recovery in the prices of rare earths.
The Updater Inc (ASX: UPD) share price is up 103% in the last 12 months. As I mentioned earlier today, the company's relocation software has been growing in popularity with U.S. consumers this year. Just this morning the company advised that the estimated market penetration of monthly moves processed reached 15.7% of all U.S. household moves in July. I think Updater is one to watch.
