Monday is proving to be a good day for the All Ordinaries Index (ASX: XAO) as many shares that call the index home boost it higher.
Indeed, these three are posting gains of as much as 11% right now. Meanwhile, the All Ords index is up 0.64% at the time of writing.
So, what's driving these All Ords shares to outperform? Keep reading to find out.
3 ASX All Ords shares posting major gains on Monday
The first All Ords share taking off today is Tasmanian whiskey crafter Lark Distilling Co Ltd (ASX: LRK). The company posted its quarterly report this morning.
It brought in $4.2 million of sales over the three months ended 30 September – a 3% increase on the prior comparable period (pcp). Its gross profit margin also rose to 67.7% while its cash position remained strong at around $10 million.
The update appears to have surprised the market. It has bid the Lake Distilling share price up to $2.06 right now – marking a 10.75% gain on its previous close.
Lark Distilling is joined in the green by the share price of All Ords online furniture and homewares retailer Temple & Webster Group Ltd (ASX: TPW). It's gained 9.47% to trade at $5.55 at the time of writing.
That's despite no news having been released by the company.
Though, it's worth noting Temple & Webster's stock has dumped around 47% year to date after a rough start to 2022. Today's rise sees it trading around 5% lower than its September high.
Finally, the share price of All Ords tech favourite Life360 Inc (ASX: 360) is taking off on Monday, gaining 6.55% to reach $6.83.
Once again, there's been no news from the former S&P/ASX 200 Index (ASX: XJO) company. Today's gain included, its stock has fallen around 28% year to date.
