Guess which 2 ASX shares were the best and worst All Ordinaries performers of the quarter

The All Ords had some big winners and some big losers over Q1.

| More on:
Winning woman smiles and holds big cup while losing woman looks unhappy with small cup

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

With some ASX shares almost doubling while other fell by more than half, the All Ordinaries Index (ASX: XAO) finished the quarter almost flat, gaining a slender 0.1%.

So, which were the top two performers and which came in last?

We'll start with the runners-up.

The second best and second worst performers

The second worst ASX share to have held during the quarter just past was Laybuy Group Holdings Ltd (ASX: LBY).

The Laybuy share price was 24 cents when the closing bell rang on 31 December. By the time the ASX closed on 31 March, shares were worth 8 cents, down 67% for the quarter.

Laybuy operates in the buy now, pay later (BNPL) space. And as with other ASX BNPL shares, Laybuy has been hit by expectations of significant interest rate rises, which will impact its business model.

On the flip side of the performance coin, the second-best ASX share to have held during the March quarter was Yancoal Australia Ltd (ASX: YAL).

Yancoal shares kicked off the quarter trading for $2.60 and finished at $4.44, a gain of 71%.

Yancoal shares surged amid rocketing thermal and metallurgical coal prices. The company is Australia's largest pure-play coal producer, operating and managing a portfolio of coal mines across New South Wales, Queensland, and Western Australia.

The coal producer also released some very strong results for the full 2021 financial year back in February, sending the ASX share leaping higher on the day.

Yancoal also reinstated its dividend, with the company paying an unfranked 10.3% trailing dividend yield at current share prices.

Moving on…

These were the best and worst ASX shares in the March quarter

The worst All Ords ASX share to have held during the March quarter was Cettire Ltd (ASX: CTT).

The online luxury goods retailer closed the last quarter at $3.56 and by 31 March was trading for $1.14, down a painful 68% over the three months.

Cettire had been receiving some healthy tailwinds during the COVID lockdowns, which saw many consumers turn to online retail purchases.

Luxury goods are also more prone to be hit by rising interest rates. And with rates likely to increase significantly from their historic lows, investors may have been selling down the Cettire share price.

Cettire shares also suffered another day of big losses on 23 March after it was revealed the company's founder, Dean Mintz, was selling 35 million shares.

Which brings us to…

The best ASX share within the All Ords to have held onto during the March quarter was Stanmore Resources Ltd (ASX: SMR).

Stanmore shares were trading for 95 cents when markets closed on 31 December. By the time the ASX closed on 31 March, shares were worth $1.74, up a very impressive 83% for the quarter.

Like the No. 2 best performer, Stanmore Resources is also involved in digging up and selling coal. In fact, until a name change in April 2021, the company was called Stanmore Coal.

Amid record coal prices, Stanmore's FY21 results were strong, likely helping boost its share price further. Among the highlights, the coal miner's earnings before interest, taxes, depreciation, and amortisation (EBITDA) leapt 125% year-on-year, hitting $54 million.

The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns and has recommended Cettire Limited. The Motley Fool Australia has recommended Cettire Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Share Market News

Two smiling work colleagues discuss an investment or business plan at their office.
Broker Notes

Which beaten down ASX 200 share did Goldman Sachs just upgrade to a buy rating?

The broker has become more bullish on this stock following last week's update.

Read more »

Hand holding Australian dollar (AUD) bills, symbolising ex dividend day. Passive income.
Best Shares

The best ASX shares to invest $1,000 in right now

Analysts think that putting your money into these stocks could be a smart move.

Read more »

green etf represented by letters E,T and F sitting on green grass
Share Market News

4 ASX ETFs to buy for FY25 and beyond

Could these ETFs be top options for investors looking for long term picks?

Read more »

A smiling woman sips coffee at a cafe ready to learn about ASX investing concepts.
Opinions

How I'd invest $10,000 in ASX shares right now

I’m bullish about the prospects of these stocks.

Read more »

A fortune teller looks into a crystal ball in an office surrounded by business people.
Share Market News

What's the outlook for shares vs. property in FY25?

Generally speaking, there is optimism among the experts for both shares and property in FY25.

Read more »

Happy shareholders clap and smile as they listen to a company earnings report.
Best Shares

Top ASX shares to buy before earnings season

It's almost time to take a look at the books!

Read more »

sad party goer sitting alone after celebration
Share Market News

Here are the top 10 ASX 200 shares today

The ASX 200 had a horrible end to its trading week this Friday.

Read more »

A young female investor sits in her home office looking at her ipad and smiling as she sees the QBE share price rising
Broker Notes

3 ASX shares brokers tip for significant outperformance in FY 2025

Leading brokers expect some significant outperformance from these three ASX shares.

Read more »