Alas, it seems yesterday's market optimism was not to last. Today, the All Ordinaries Index (ASX: XAO) looks to be on track for a chunky loss for this Friday's session, with the index currently down a hefty 0.74% at just over 8,200 points. However, not all ASX All Ords shares are being dragged down by the market today.
In fact, we've seen a few go the other way, and mint fresh new 52-week highs. Let's check out the lucky ASX All Ords shares that are making hay while the rain pours.
Three ASX All Ords shares hitting new 52-week highs this Friday
Medibank Private Ltd (ASX: MPL)
First up, we have ASX All Ords private health insurance share Medibank Private. Medibank stock closed at $4.42 yesterday evening, and opened at that same price this morning. But soon after, the company rose up to $4.47, its new 52-week high.
There's been no fresh news out of Medibank today. Saying that, the company did deliver its latest half-year earnings report just yesterday, which looks like it is feeding into the momentum we are seeing with this ASX All Ords share this Friday.
As we covered at the time, these earnings were rather pleasant to read. Medibank reported a 6.1% uptick in revenues to $4.27 billion over the six months to 31 December, as well as a 13.8% rise in underlying net profits after tax to $298.7 million. That helped the company raise its interim dividend by 8.3% to 7.8 cents per share.
Investors can probably thank these earnings for today's new high.
Harvey Norman Holdings Ltd (ASX: HVN)
Next up, we have ASX All Ords retail share Harvey Norman. Harvey Norman stock finished yesterday's session at $5.09 a share. But today, those same shares are currently up 1.96% at $5.18 each after shooting as high as $5.37 in morning trade. That's, you guessed it, Harvey Norman's new 52-week high.
Once again, it looks as though we have earnings to thank here.
Harvey Norman dropped its own earnings report this morning, just before market open. As my Fool colleague dove into today, this report showed Harvey Norman unveiling a 6.6% rise in revenues to $2.29 billion over the six months to 31 December.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) came in at $581 million, up 22.9%. Although underlying profits before tax were up 2.2% to $311 million, the ASX 200 retail share boosted its next dividend by 20% to 12 cents per share.
Again, investors seem stoked with these numbers, and have sent Harvey Norman stock to a new high as a result.
Australian Ethical Investments Ltd (ASX: AEF)
Finally, let's take a look at ASX All Ords financial share Australian Ethical. Australia Ethical stock closed at $6.20 yesterday, and opened at $6.17 this morning. But soon after, the company climbed up to $6.28, its new 52-week high.
Once more, it seems an earnings report is the culprit here.
In addition to Medibank Private, yesterday also saw the latest numbers released from Australian Ethical.
As we discussed yesterday, this report showed Australian Ethical increasing its revenues by 21.2% to $58.8 million over the six months to 31 December. That was helped by a 22% rise in funds under management over the period.
Underlying profit after tax galloped 35.3% higher to a record of $11.5 million. That helped this ASX All Ords share to boost its next dividend by 67% to 5 cents per share.
Again, it's not hard to see why investors might be bidding Australian Ethical shares higher as a result.
