7 ASX All Ords shares smashing new 52-week highs on Tuesday

Do you own any of these stocks at new highs today?

Arrows pointing upwards with a man pointing his finger at one.

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 looking like this Tuesday will be another positive day for the Australian share market and most ASX All Ords shares. At the time of writing, the All Ordinaries Index (ASX: XAO) has risen by a healthy 0.4%, leaving the index at just over 7,930 points.

But there are plenty of ASX All Ords shares that are doing even better than that. In fact, no fewer than seven of these stocks have clocked a new 52-week high this session. Let's check them out.

ASX All Ords shares at new 52-week highs today

First up we have RPMGlobal Holdings Ltd (ASX: RPM). RPM shares opened at $2.28 each this morning, and are currently up 2.6% at $2.33. But earlier this morning, this mining services company rose as high as $2.38 a share, RPM's new 52-week and all-time high.

There's been no fresh news out of the company today that might explain why investors are pushing this stock higher though.

Next, we have Monash IVF Group Ltd (ASX: MVF) to discuss. Monash shares opened at $1.49 each this morning and are currently up 201% at $1.52 each. But Monash hit $1.53 a share soon after market open – the company's new 52-week high.

Again, there are no fresh developments out of this company either that might easily explain this new benchmark for Monash.

Link Administration Holdings Ltd (ASX: LNK) is another ASX All Ords share smashing out a new high today. Link shares are currently trading at $2.24 apiece, up 0.22% for the day thus far. But Link opened at $2.25 this morning, which is the financial services stock's new 52-week high.

Yesterday, Link released an update regarding the acquisition offer from Mitsubishi UFJ Trust & Banking Corporation, which told investors that "all regulatory approvals which are Conditions Precedent to the Scheme have been satisfied, waived or will not be required". Perhaps this is still feeding into positive sentiment for Link stock today.

Then we have ASX All Ords building products stock CSR Ltd (ASX: CSR). CSR shares are currently flat at $8.87 each. But earlier this morning, those shares climbed as high as $8.89 – CSR's new 52-week high – after opening at $8.86 each.

With CSR, there has also been no news or announcements out of the company that might conceivably explain this new high watermark.

More stocks at new highs

ASX All Ords real estate investment trust (REIT) Unibail-Rodamco-Westfield (ASX: URW) is next. This REIT's units opened at $6.31 each this morning and are currently up 2.1% at $6.35. But this comes after Unibail-Rodamco-Westfield hit a new high of $6.37 earlier in the session today.

Investors seem to have been taking another look at this REIT ever since the 11 April update on the Westfield Hamburg project.

Another ASX All Ords stock hitting new highs today is Steamships Trading Company Ltd (ASX: SST). Steamships stock is currently enjoying a 1.23% boost at $16.50 a share.

However, this morning, those same shares opened at $17, which was, and is the company's new 52-week high. But this is another benchmark that has occurred today without any obvious catalyst.

Finally, let's discuss ASX All Ords chemical and explosives manufacturer Orica Ltd (ASX: ORI). Orica shares opened at $18.30 each this morning and are presently trading at $18.39, up 0.6% for the day thus far. But Orica explored as high as $18.45 a share earlier today, which is the company's new 52-week high.

There haven't been any fresh developments or announcements out of Orica in recent weeks. But investors have been flocking to this stock all year, with Orica shares now up a rosy 15.4% in 2024 to date.

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 52-Week Highs

A woman in a bright yellow jumper looks happily at her yellow piggy bank representing bank dividends and in particular the CBA dividend
52-Week Highs

Why is the CBA share price setting a new all-time high today?

Australia's biggest bank just became more expensive. What is driving the demand?

Read more »

A man and a woman stand on an external balcony in a dense city environment filled with high rise buildings and commercial properties. The man is pointing up at a high rise building and the woman is looking on.
Real Estate Shares

Up 73% in a year, this surging ASX 200 stock just hit another all-time high

This property share has skyrocketed, with the company recently upgrading its FY24 guidance for a second time.

Read more »

two doctors smile as they sit together at a desk looking at a patient's Xray.
Healthcare Shares

This ASX 200 healthcare stock just hit an all-time high: Is it too late to buy?

The valuation of this high-performer has soared.

Read more »

Three Archer Materials scientists wearing white coats and blue gloves dance together in their lab after making a discovery
Healthcare Shares

Which ASX 200 healthcare share with AI upside just hit a new 52-week high?

And top broker Goldman Sachs says the share price can go even higher.

Read more »

A happy family of four on holidays stand on a jetty and cheer.

Would I still buy Life360 shares as they hit all-time highs?

Could this high-flying tech share still be a buy at all-time highs?

Read more »

A person leans over to whisper a secret to a colleague during a meeting.
Share Market News

Here's when ANZ says the first interest rate cut will be

There's been speculation that Australia's first rate cut may be delayed if the United States delays its own.

Read more »

A woman in a business suit sits at her desk with gold bars in each hand while she kisses one bar with her eyes closed. Her desk has another three gold bars stacked in front of her. symbolising the rising Northern Star share price

Would I be crazy to buy Northern Star shares at almost $15?

Is it too late to generate golden returns from this high-flying stock?

Read more »

Two happy excited friends in euphoria mood after winning in a bet with a smartphone in hand.
52-Week Highs

13 ASX 200 shares at 52-week highs

These shares are making their shareholders smile on Thursday.

Read more »