The All Ordinaries (ASX: XAO) is a sea of red on Friday afternoon. At the time of writing, the index is down a disappointing 1.25% to 6,676.5 points.
Fortunately, it's not all bad news for All Ords shares today. Listed below are some big winners:
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Capricorn Metals Ltd (ASX: CMM)
The Capricorn Metals share price is up 6.5% to $2.94 on Friday afternoon. This has been driven partly by a bullish broker note out of Macquarie this morning. According to the note, its analysts have upgraded the gold miner's shares to an outperform rating with a $3.30 price target. Although Capricorn Metals' full year results fell short of Macquarie's expectations, it feels its shares are trading at an attractive level and has upgraded its rating accordingly.
Qualitas Ltd (ASX: QAL)
The Qualitas share price is up 8% to $2.33. This has been driven by news that the alternative real estate investment manager has secured another big capital commitment from a global institutional investor. According to the release, the unnamed investor has committed $440 million to the Qualitas Construction Debt Fund II. This means that within the first three months of FY 2023, the company has raised a total of $1.19 billion in new capital. This followed a major investment from the Abu Dhabi Investment Authority investment last month.
Westgold Resources Ltd (ASX: WGX)
The Westgold Resources share price is up almost 6% to 83.5 cents. Investors have been buying Westgold Resources and other All Ords gold miners on Friday despite the gold price only rising modestly during Asian trade. It could be that investors are looking for safe haven options after the market volatility returned. In afternoon trade, the S&P/ASX All Ordinaries Gold index is up a pleasing 2.8%.
