3 ASX All Ordinaries shares going gangbusters on Friday

Combined, these three All Ords stocks have gained an average of 21% today.

| More on:
Three businesspeople leap high with the CBD in the background.

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

All Ordinaries Index (ASX: XAO) shares are managing to hold onto their gains this afternoon, with the All Ords up 0.6% at time of writing.

While that’s a healthy gain for the index to end the week, three ASX All Ordinaries shares are leaping well ahead of the benchmark.

The first 2 stocks leading the charge

Up 17.6% today, Latitude Group Holdings Ltd (ASX: LFS) is certainly doing its part to boost the index.

With no fresh price-sensitive news from the company, investors could be re-evaluating the impact of the company’s decision not to move forward with its proposed $250 million acquisition of Humm Group Ltd (ASX: HUM)’s buy now, pay later (BNPL) business.

BNPL shares are some of the best performers on the ASX today.

Following today’s lift, the Latitude share price is down 36% so far in 2022.

Our second All Ordinaries share charging higher on Friday is Betmakers Technology Group Ltd (ASX: BET), up 20% at the time of writing.

The All Ordinaries share provides data and analytic products for the B2B wagering market.

Investors are snapping up the stock after the company reported this morning it plans an on-market share buyback of as much as 10% of its outstanding shares, or more than 90 million shares.

The Betmakers share price remains down 55% year-to-date, despite the big bounce today.

Our top performing ASX All Ordinaries share

Moving on to our top-performing ASX All Ordinaries share, we have Vulcan Energy Resources Ltd (ASX: VUL).

The lithium and battery metals explorer and producer’s shares are up 26.8% today.

Investor enthusiasm was stoked by a release this morning reporting that international giant Stellantis has invested $76 million in Vulcan Energy. Stellantis subsidiaries include global vehicle names like Peugeot, Chrysler, Citroën, Opel, Dodge, and Maserati.

Stellantis is paying $6.62 per share, still some 4.4% above the current Vulcan share price.

The ASX All Ordinaries share remains down 41% year-to-date.

Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Betmakers Technology Group Ltd. The Motley Fool Australia has recommended Betmakers Technology Group Ltd and Humm Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Share Gainers

A man in his 30s holds his computer underneath and operates it with his other hand as he has a look of pleasant surprise on his face as though he is learning something new or finding hidden value in something on the screen.
Share Gainers

Guess which ASX All Ords shares are serving up 15% gains today

Tech shares continue to lead the way on Wednesday.

Read more »

rising asx share price in food and consumer staples sector represented by happy face made from cut up banana
Share Gainers

Why Domino’s, EML, Talga, and Woolworths shares are pushing higher

These ASX shares are pushing higher on Wednesday...

Read more »

A graph ablaze with fire going up, indicating a fired up and surged share price
Share Gainers

These 3 ASX 200 tech shares are on fire today

Tech shares are broadly outperforming today following a strong lead from the US NASDAQ.

Read more »

A graphic showing a businessman running up a white upwards rising arrow symbolising the soaring Magellan share price today
Share Gainers

Why Regis Resources, Sayona, Woodside, and Xero shares are pushing higher

These ASX shares are on form on Tuesday...

Read more »

A GWR Group female employee in a hard hat and overalls with high visibility stripes sits at the wheel of a large mining vehicle with mining equipment in the background.
Resources Shares

Why has the Pilbara Minerals share price soared 57% in FY22?

How did the Pilbara Minerals share price perform in the financial year?

Read more »

A man with a scrappy beard and wearing dark sunglasses and a beanie head covering raises a fist in happy celebration as he sits at is computer in a home environment.
Technology Shares

How Brainchip shares gained 63% in a year when tech stocks nosedived

The computer hardware provider was once considered a meme stock. Is it fair dinkum now?

Read more »

A technical manufacturer checks his work in a high-tech lab with precision equipment in the background.
Share Gainers

Guess which ASX All Ords share soared 21% to an 8-year high on Monday

One ASX All Ordinaries share enjoyed a stellar start to the week.

Read more »

Green arrow with green stock prices symbolising a rising share price.
Share Gainers

Why APM, Block, Breville, and Superloop shares are charging higher

These ASX shares are charging higher on Monday...

Read more »