The benchmark All Ordinaries Index (ASX: XAO) is struggling on Monday, but not all shares housed on the index are in the red.
The Aussie bourse's suffering follows a rough Friday on Wall Street. The US market was weighed down by strong employment data, likely heralding further rate hikes.
The Dow Jones Industrial Average Index (DJX: .DJI) plunged 2.1% on Friday, while the S&P 500 Index (SP: .INX) dumped 2.8%, and the Nasdaq Composite Index (NASDAQ: .IXIC) plummeted 3.8%.
Seemingly in response, the All Ords is down 1.39% right now, but some shares are floating above the sea of red. Indeed, some are posting gains of as much as 6%.
Keep reading to find out which stocks are outperforming and what's driving them higher.
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3 ASX All Ords shares posting gains on Monday
Plenty of ASX All Ords shares are outperforming the market on Monday.
One such gainer is Archer Materials Ltd (ASX: AXE). Stock in the tech company is currently up 6.49%, trading at 82 cents apiece.
Its surge follows news of a major advance in the company's development of its 12CQ chip. It has used complementary metal-oxide-semiconductor chip technology to detect quantum information in its 12CQ qubit material at room temperature for the first time.
Archer CEO Dr Mohammad Choucair said the achievement "cannot be understated".
At the same time, the share price of ASX All Ords airline and Qantas Airways Limited (ASX: QAN) takeover target, Alliance Aviation Services Ltd (ASX: AQZ), is also outperforming.
It has gained 1.25% at the time of writing to trade at $3.24. The latest news of the takeover came in August when the competition watchdog expressed concerns over the proposition.
Finally, All Ords healthcare share 4DMedical Ltd (ASX: 4DX) is also in the green today, with its share price gaining 6.25% to trade at 68 cents at the time of writing.
It's been nearly six weeks since the market heard price-sensitive news from the medical technology developer. However, the stock has now lifted 17% since the end of September.
