3 beaten-up ASX All Ordinaries shares that surged higher today

These All Ordinaries shares have struggled lately but they were among the leaders of the pack today.

| More on:

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

It was a rough day to be an ASX All Ordinaries Index (ASX: XAO) share. The index finished the day down 2.11%, marking today as its worst since February.

But, ironically, some of its most besieged constituents finished in the green.

Let's take a look at which struggling ASX All Ordinaries shares enjoyed a day in the sun.

Three boxers, two men and a woman, stand in their training wear with fists raised in a fighting stance with serious looks on their faces against a background of a boxing gym.

Image source: Getty Images

Three embattled All Ordinaries shares trading higher

Appen Ltd (ASX: APX)

It's been struggling over the last 20 months but the Appen share price dodged much of today's carnage.

Shares in the artificial intelligence provider have tumbled 83% since their peak in August 2020.

But today, the ASX All Ordinaries tech share closed 1.51% higher at $6.73.

Meanwhile, many of its peers on the S&P/ASX All Technology Index (ASX: XTX) suffered losses today. The index closed 1.52% lower.

Ansell Limited (ASX: ANN)

The Ansell share price also closed in the green on Tuesday. The medical gloves manufacturer finished 0.88% higher today at $26.38 after hitting $26.80 in intraday trade.

There's been no news from the COVID-19 winner today. However, reports have emerged claiming Ansell is planning to shut down its Russian glove-making factory in June, just in time for its first birthday.

The company's decision to stop production at the plant follows Russia's invasion of Ukraine.

Ansell is getting ready to suspend operations at the factory indefinitely, according to the Australian Financial Review.

The ASX All Ordinaries stock has tumbled 31% over the last 12 months, seemingly driven by its results for financial year 2021.

The company's stock dropped 9% on the release of its full-year results. It hasn't managed to claw its way out of the dip yet.

While the Ansell share price kept its head above water, the company's home sector, the S&P/ASX 200 Health Care Index (ASX: XHJ), wasn't so lucky. It closed down 0.75%.

Block Inc (ASX: SQ2)

The Block share price also finished in the green today despite its recent struggles. It closed 1.96% higher at $148.86.

The ASX All Ordinaries share is also listed in New York where its day in the green might have been born. The Block Inc (NYSE: SQ) share price launched 4.5% during Monday's session overseas, reaching US$107.38.

Additionally, the company hit headlines over the weekend after its CEO and chair Jack Dorsey officially changed his title to Block head.

The interesting amendment – which doesn't signal any change in responsibilities – was disclosed in an SEC filing on Friday.

And that's not the only reason Dorsey's name has popped up in the news today. Of course, he is the co-founder and former CEO of Twitter Inc (NYSE: TWTR).

The social media company has been purchased by Tesla Inc (NASDAQ: TSLA) CEO and the world's richest person Elon Musk.

Musk is planning to remove Twitter from investors' portfolios, taking the company private. Commenting on Musk's takeover, Dorsey tweeted:

The All Ordinaries share has slumped 15% since it hit the ASX in January following the company's takeover of Afterpay.

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. owns and has recommended Appen Ltd, Block, Inc., Tesla, and Twitter. The Motley Fool Australia owns and has recommended Block, Inc. The Motley Fool Australia has recommended Ansell Ltd. 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

A kid pulls his friends on a wagon in the backyard.
Opinions

3 ASX shares I'd buy and hold for my kids

The focus should be on reliable and trustworthy businesses, rather than the next flash-in-the-pan.

Read more »

Close-up of a business man's hand stacking gold coins into piles on a desktop.
Opinions

Why I made this top ASX dividend share one of my biggest investments

This business ticks all of the boxes I'm looking for with passive income!

Read more »

the australian flag lies alongside the united states flag on a flat surface.
Share Market News

Why US stocks have hit record highs while ASX shares have barely risen in 2026

Drew Meredith, a principal advisor at Wattle Partners, explains the performance gap.

Read more »

Smiling couple sitting on a couch with laptops fist pump each other.
Broker Notes

Buy, hold, sell: Beach Energy, Flight Centre, and Judo Capital shares

Does Morgans rate these shares as buys? Let's find out.

Read more »

Three people jumping cheerfully in clear sunny weather.
52-Week Highs

3 ASX dividend favourites are hitting 52-week highs today. Are investors getting defensive?

Investors are buying these ASX dividend shares today.

Read more »

Three people in a corporate office pour over a tablet, ready to invest.
Broker Notes

Brokers name 3 ASX shares to buy right now

Let's find out which shares top brokers are feeling bullish about this week.

Read more »

A smug executive woman wearing glasses and red lipstick blows a kiss to herself as she takes a selfie.
Broker Notes

6 ASX shares with upgraded ratings from experts this week

Brokers have flagged new confidence in Flight Centre, Iluka Resources, and other ASX shares.

Read more »

Man looking happy and excited as he looks at his mobile phone.
Share Gainers

Why Beach Energy, Ioneer, Solstice Minerals, and Transurban shares are pushing higher today

These shares are ending the week on a positive note. Let's find out why.

Read more »