3 ASX All Ordinaries shares that leapt more than 10% on Thursday

It’s been a good day to own these outperforming All Ords shares.

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Two women jumping into the air representing the ASX All Ordinaries rebound today

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Key points

  • The All Ordinaries rebounded today but these three ASX shares outperformed 
  • Brainchip, Ioneer and 5E Advanced Materials enjoyed share price gains of more than 10% 
  • The All Ords had a good day despite the US Federal Reserve announcing a bumper 0.75% hike in US interest rates overnight 

After a tough start to the week, the All Ordinaries Index (ASX: XAO) rebounded on Thursday.

The index was up by as much as 1.2% during the session before finishing down 0.031%. But many of its constituents did far better than that.

Let’s take a look at three ASX shares boasting gains of more than 10% today.

3 ASX All Ordinaries shares up more than 10%

Brainchip Holdings Ltd (ASX: BRN)

The Brainchip share price was lifted by 10.3% to finish at 86 cents today.

Interestingly, today’s gain marks the first day in June that the company has traded in the green. Before today, the Brainchip share price was consistently dropping, losing 31% from the end of May.

The ASX technology business works in neuromorphic computing – a branch of artificial intelligence.

There’s no news to explain today’s boost. However, the S&P/ASX 200 Information Technology Index (ASX: XIJ) was up 2.8% at its highest point today before settling to finish flat.

Brainchip will be included in the ASX 200 index from next week following the quarterly rebalance.

Ioneer Ltd (ASX: INR)

Another ASX All Ordinaries share that soared 10% or more today was Ioneer. It finished at 40 cents, up 12.7%.

This stock has also struggled recently, falling 38% between 31 May and 15 June.

The company is focused on its Rhyolite Ridge Lithium-Boron Project. Ioneer was joined in the green by fellow ASX lithium share, Allkem Ltd (ASX: AKE). The Allkem share price rose by 1.5% today.

Thus, positive market sentiment on commodities is a potential explanation for today’s gains.

5E Advanced Materials Inc (ASX: 5EA)

The final ASX All Ordinaries share we’ll look at is 5EA Advanced Materials, which rocketed 11.4% to a final price of $2.83.

The company is focused on helping the world decarbonise by producing boron and lithium.

There’s been no news to explain today’s gain.

However, earlier this week the company announced its NASDAQ-listed stock will soon be included in the Russell 2000 Index, Russell 3000 Index, and Russell Microcap Index.

Commenting on its inclusion, the company’s president and CEO Henri Tausch said the Russell indexes are some of the most widely cited for US companies.

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 no position in any of the stocks mentioned. 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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