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.
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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.
