It's not all bad news on the ASX All Ordinaries today. Here are 3 big winners

These three shares are rocketing today, despite the market's gloom.

| More on:
Three businesspeople leap high with the CBD in the background.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

It's shaping up to be another brutal day for the All Ordinaries Index (ASX: XAO) this Thursday. At the time of writing, the All Ords has lost another 0.78%, putting the index down to just over 7,365 points.

ASX investors might be wondering when the 'Santa rally' will kick in, now that the All Ords has lost more than 2.4% since the start of December.

But it's not all bad news on the ASX today. So here are three big winners that the markets are throwing up.

3 All Ords shares bucking the market downturn

Chalice Mining Ltd (ASX: CHN)

All Ordinaries mining exploration company Chalice is one ASX All Ords share that is having a cracking time of it this Thursday. Far from being dragged down by the broader market, Chalice shares have gained a whopping 14.36% at the time of writing, putting this company at $6.37 a share, as you can see below:

This seems to be in response to a promising update the company gave to investors this morning. As we covered at the time, Chalice has revealed that drilling at its Hooley Prospect site has intersected "a significant PGE-nickel-copper-cobalt-gold mineralisation". It seems investors are very excited at this news.

Magnis Energy Technologies Ltd (ASX: MNS)

Next up, we have All Ordinaries battery technology company Magnis. Its shares are also defying the selloff today, with the Magnis share price up a pleasing 6.94% at present to 38 cents per share, as you can see below:

With Magnis shares, it's unclear what's going on today. There has been no fresh news or announcements from the company since 2 December.

Earlier this month, Magnis did announce that it is seeking funding to expand its iM3NY lithium-ion battery facility in New York, with a confirmation that it has commissioned bank HSBC to assist in this regard. Perhaps excitement from this development is helping to boost investor sentiment today.

Bellevue Gold Ltd (ASX: BGL)

Finally today, we have ASX All Ords gold share Bellevue. The Bellevue share price has taken off today and is currently up a healthy 7.51%, putting the company at $1.14 a share:

This is an interesting one. Bellevue Gold shares were in a trading halt for most of the week, only coming off yesterday. This was to facilitate a $60 million institutional placement of shares, which has now been conducted successfully. 

Upon the resumption of trade yesterday, Bellevue Gold shares plummeted more than 11.5%, so perhaps today's rise means that investors took things too far with this selloff.

Motley Fool contributor Sebastian Bowen 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.

More on Share Gainers

A man looking at his laptop and thinking.
Share Gainers

Should I buy Nvidia stock as an Australian investor?

Many Aussies are thinking of jumping on the bandwagon, but they need to think about these issues first.

Read more »

A woman sits in a cafe wearing a polka dotted shirt and holding a latte in one hand while reading something on a laptop that is sitting on the table in front of her
Share Gainers

Here are the top 10 ASX 200 shares today

It was a rough day for ASX 200 investors this Wednesday.

Read more »

A woman's hair is blown back and her face is in shock at this big news.
Share Gainers

Why APM, DroneShield, EOS, and NextDC shares are charging higher

These ASX shares are having a strong session on Wednesday. But why?

Read more »

A happy businessman pointing up, inidicating a rise in share price
Materials Shares

Why are ASX lithium shares like Liontown having such a bumper session today?

Lithium shares are defying the broader market on Wednesday.

Read more »

Man with rocket wings which have flames coming out of them.
Share Gainers

This ASX All Ords stock just surged 88% in less than 3 days! Any guesses?

The ASX All Ords stock is drawing intense buying interest from investors this week.

Read more »

A little girl with red hair runs excitedly with a rocket strapped to her back, trying to launch.
Share Gainers

This small-cap ASX stock just rocketed 39%. What's doing?

A stock no one has heard of is lighting up trading screens on Wednesday. You might hear this name more…

Read more »

A man eases back onto his sofa, happy with the relaxed vibe from his furniture.
Share Gainers

If you'd put $30,000 in this ASX retail stock 11 months ago, you'd have $116,000 now

When battered stocks make a comeback, it happens very quickly. Here's a prime example.

Read more »

Ordinary Australians waiting at the bus stop using their phones to trade ASX 200 shares today
Share Gainers

Here are the top 10 ASX 200 shares today

The ASX 200 somehow managed to snatch a gain this Tuesday.

Read more »