Five ASX All Ords shares are celebrating new 52-week highs today.
On a day that sees the All Ordinaries Index (ASX: XAO) up a healthy 0.4% in afternoon trade, these stocks are doing their fair share of the heavy lifting.
So, without further ado…
These ASX All Ords shares are setting the bar high
The first company notching new 52-week highs today is Wesfarmers Ltd (ASX: WES).
The ASX All Ords retail share is up 2.2% at the time of writing, trading for $53.25 per share.
Investors have been bidding up the Wesfarmers share price since the company reported some strong FY23 results last Friday. Highlights included an 18.2% year on year increase in revenue, to $43.5 billion. And net profit after tax (NPAT) increased 4.8% to $2.5 billion.
Wesfarmers may be enjoying today's lift as the stock trades ex-dividend tomorrow. If you want to score that payout, you'll need to own shares at market close today.
The second ASX All Ords share notching fresh 52-week highs today is real estate investment trust (REIT) Goodman Group (ASX: GMG).
The Goodman share price is up 0.4% in early afternoon trade, at $22.82 per share.
There's been no price-sensitive news out from Goodman since the company reported its FY23 results on 17 August. Ket metrics included a 17% increase in operating profit to $1.78 billion. Revenue went the other way, down 5.9% year on year to $1.97 billion.
The Goodman share price closed up 5.7% on the day the company reported and has been broadly trending higher since then.
Moving on to the third ASX All Ords share hitting new 52-week highs today we have Seven Group Holdings Ltd (ASX: SVW).
The Seven Group share price is up 0.2% at the time of writing with shares trading for $27.65 apiece.
The stock is up 5% since the company reported its FY23 financial results on 17 August.
Investors were clearly pleased with the 10% year on year increase in revenue, which reached $9.6 billion. NPAT was up 18% from FY22 to $654 million.
And the fourth ASX All Ords share hitting fresh 52-week highs today is building products producer CSR Ltd (ASX: CSR).
The CSR share price just slipped into the red after posting gains of 0.6% in earlier trade, at $5.94 per share.
The last price-sensitive announcement from the company was back on 4 July.
But CSR has some strong momentum going for it, with shares up 30% over the past 12 months.
Which brings us to the fifth ASX All Ords share hitting new 52-week highs today, gold stock Genesis Minerals Ltd (ASX: GMD).
Genesis looks to be benefiting from its ongoing transition from a gold explorer to a gold producer. The company also reported a solid balance sheet, with $156 million cash at 30 June to fund its growth ambitions.
The ASX All Ords share has also been benefiting from a rising gold price.
The yellow metal is up 11% over the past year.
The Genesis Minerals share price has gained 35% over that same period.
