ASX All Ords shares are in the red on Wednesday, but two of them are catapulting to record-high prices.
The S&P/ASX All Ordinaries Index (ASX: XAO) is down 0.14% to 7,279.3 points at the time of writing.
The market is having a so-so day following a poor session on Wall Street overnight. The Dow Jones index finished 0.18% lower, and the S&P 500 Index (SP: .INX) fell 0.20%. The Nasdaq Composite Index (NASDAQ: .IXIC) also finished down 0.59%.
But here are two ASX All Ords shares defying today's market trends.
ASX All Ords tech share reaches record high
The Data#3 Limited (ASX: DTL) share price hit a record high of $7.88, up 0.64% in earlier trading on Wednesday.
Data#3 is an ASX All Ords tech share.
The company held an investor briefing last week where CFO Cherie O'Riordan told investors they are focused on sustained earnings and gross profit growth, rather than gross margins.
She said Data#3's overall gross margin has been at or slightly below 10% over the past three financial years.
A slight tapering has occurred due to an increase in multi-year deals and annuity-based consumption, as well as low-margin public sector and education supply contracts, which drive long-term revenue and cross-selling opportunities.
She also pointed to larger, more competitive deals won at lower margins to drive strategic future business; and competitive market factors.
ASX industrial stock joins the party
The Chrysos Corporation Ltd (ASX: C79) share price hit an all-time high of $7.68, up 3.5% in earlier trading today.
Chrysos is an ASX All Ords industrial share.
The company creates technology solutions for the global mining industry. Its flagship product is PhotonAssay, which it claims delivers higher-quality analysis of gold, silver, and other elements.
Earlier this month, Chrysos completed a $75 million institutional placement to raise funds to support the deployment of PhotonAssay units and accelerate growth.
The offer price was $6.60 and the ASX All Ords company issued 11.4 million new shares.