The All Ordinaries Index (ASX: XAO) is down in the dumps on Thursday. But not all shares that call the benchmark index home are trading in the red.
These three have defied the sell-off to trade at their highest points in years.
Right now, the ASX All Ordinaries is down 1.28% at 6,909.9 points.
So, what's driving some of its constituents to long-forgotten highs? Keep reading to find out.
3 ASX All Ordinaries shares hitting multi-year records
The All Ordinaries Index is tumbling lower on Thursday, but its despair isn't rubbing off on these ASX shares.
The Syrah Resources Ltd (ASX: SYR) share price, for one, is defying the slump. It surged 18% to trade at $2.21 earlier today – its highest point since 2018.
The graphite producer's stock is gaining on the back of a barrage of announcements.
The company revealed a US$250 million grant, an offtake and collaboration agreement with LG Energy, an update on the restart of the Balama Graphite Operation, and its quarterly activities report.
The Neuren Pharmaceuticals Ltd (ASX: NEU) share price is also gaining today after the All Ordinaries company announced a US$10 million milestone payment. The stock lifted 0.9% this morning to reach $7.59 – a 15-year high.
The payment came from the company's partner Acadia Pharmaceuticals and related to the US Food and Drug Administration's (FDA's) decision to accept trofinetide for the treatment of Rett syndrome for review.
Acadia has the exclusive rights to develop and commercialise trofinetide in North America, while Neuren retains rights for all other countries.
The final ASX All Ordinaries share posting a multi-year high on Thursday is mining giant IGO Ltd (ASX: IGO).
The stock peaked at an all-time high of $16.25 this morning, marking a 0.5% gain. It has since slipped into the red to trade 2.9% lower at $15.69.
