3 ASX All Ords shares smashing multi-year highs today

It's a good day to hold shares in these All Ords stocks.

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It's another day in the green for the All Ordinaries Index (ASX: XAO). These three All Ords shares are helping to drive it higher, reaching their highest point in years.

The benchmark index is up 0.43% right now at 7,006 points.

So, which ASX All Ords shares are posting multi-year highs on Wednesday? Keep reading to find out.

3 ASX All Ords shares hitting multi-year highs

First off the rank is the share price of All Ords travel favourite Qantas Airways Limited (ASX: QAN).

It took off earlier today, gliding 3% to peak at $6.075. That's the highest it's soared since the COVID-19 pandemic took hold of Australia in March 2020.

It was just last week the iconic airline told the market it's expecting to return to underlying pre-tax profit in the first half of financial year 2023, providing guidance of between $1.2 billion and $1.3 billion.

Joining the airline in posting a multi-year high on Wednesday is the far smaller All Ords share, New Energy Solar Ltd (ASX: NEW). It shot upward to reach 99 cents today – marking a 0.5% gain and its highest point since August 2020.

The US$244.5 million sale of the solar investment company's US assets is set to finalise this month.

Shareholders were expecting to receive 82 cents per share as part of a capital return shortly after the sale finalises. Though, that's dependent on exchange rates at the time of completion.

New Energy Solar investors can also expect another return worth between 13 cents and 16 cents per share on the winding up of the company, expected before the end of next year.

The final ASX All Ords share posting a multi-year high today is Dalrymple Bay Infrastructure Ltd (ASX: DBI). The stock hit a high of $2.58 this morning, marking a 4% gain and a new all-time high.

The coal terminal operator's stock has gained 17% since it lifted its distribution guidance earlier this month.

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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