Guess which 2 ASX All Ordinaries shares smashed 52-week highs amid today's carnage

Here's what drove these shares to outperform on Tuesday.

| More on:
Two mature-age people, a man and a woman, jump in unison with their arms and legs outstretched on a sunny beach.

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

Tuesday was a rough day on the market, with the All Ordinaries Index (ASX: XAO) closing 0.99% lower.

That's better than its intraday performance. At its lowest point of the day, the index was sporting a 2.5% tumble.

But two All Ords shares stood out among the pack, managing to dodge most of the carnage to record new 52- week highs? Let's take a look.

2 ASX All Ordinaries shares hitting new 52-week highs

Amcor Plc (ASX: AMC)

The Amcor share price hit an all-time high of $18.26 on Tuesday despite the All Ordinaries' woes. Interestingly, the company met its new record without releasing any news to the market.

Amcor produces packaging solutions for products like food, beverages, and pharmaceuticals. It operates in more than 40 countries and is listed on both the ASX and the New York Stock Exchange.

The last time the market heard from the company was last week when it released its results for the quarter ended 31 March.

Over the period, Amcor brought in US$3.7 billion of sales – a US$500 million increase on those of the prior comparable quarter.

That likely helped it make a gross profit of US$731 million – a 7% increase.

The Amcor share price has gained 10% since the start of 2022, outperforming the All Ordinaries Index by nearly 18% year to date.

Regis Healthcare Ltd (ASX: REG)

The Regis Healthcare share price leapt 2.5% to a new 52-week high of $2.34 before tumbling to join the All Ordinaries Index in the red today.

The residential care home operator hasn't released any news to the ASX this month. Still, the market has been bidding its share price higher. It's gained 5% since the end of April.

The last time the ASX heard from Regis Healthcare was on 14 April. Then, the company announced it had settled a legal dispute brought against its subsidiary, Regis Aged Care by Oneview Healthcare (ASX: ONE).

Oneview Healthcare previously alleged Regis Healthcare breached a collaboration agreement.

The case was settled without either party admitting liability.

The Regis Healthcare share price has gained nearly 19% since the start of 2022. By doing so, it has beaten the All Ordinaries Index's 2022 performance by 25%.

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 no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Amcor Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on 52-Week Highs

Good news has these businesspeople cheering for joy, partying in a board room.
Bank Shares

2 uniquely Australian reasons why ASX 200 bank shares are outperforming global peers

Three of the Big Four ASX 200 bank shares hit new price milestones today.

Read more »

Delighted adult man, working on a company slogan, on his laptop.
Bank Shares

NAB share price hits 9-year high amid yet another strong day for ASX 200 banks

Bank stocks just keep on rising...

Read more »

Man raising both his arms in the air with a piggy bank on his lap, symbolising a record high.
Bank Shares

Westpac and three other ASX 200 bank shares smashing new multi-year highs today

If you own ASX bank shares, you're probably having a great day.

Read more »

A woman reclines in a comfortable chair while she donates blood holding a pumping toy in one hand and giving the thumbs up in the other as she is attached to a medical machine to collect her blood donation.
Healthcare Shares

CSL shares hit new 52-week high! What's next?

These ASX experts reckon CSL investors are still in for a treat.

Read more »

An older female ASX investor holds a gangster-style fist pump pose showing off gold rings with dollar signs on them.

Big ASX news: Newmont shares hit new record high

If you own Newmont stock, you're in for a treat today.

Read more »

Three hikers lift their arms in jubilation as they reach a rocky peak overlooking a sensational view of water and mountains with a blue sky surrounding them.
52-Week Highs

2 ASX All Ords shares (and one ETF) smashing new highs while the market sinks

These lucky stocks are bucking the market today.

Read more »

A woman looks questioning as she puts a coin into a piggy bank.
Bank Shares

ASX 200 bank shares 'don't appear overly expensive' compared to global peers: UBS

UBS says clients are asking what they should do with their bank shares following the long share price run.

Read more »

A happy girl in a yellow playsuit with a zip gives the thumbs up
52-Week Highs

Zip shares surge 10%, bringing gains to 55% in a month

It appears recent developments continue being priced in to the BNPL player's stock.

Read more »