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.

The post 7 ASX All Ords shares smashing new 52-week highs on Tuesday appeared first on The Motley Fool Australia.

Four ASX shares that are not letting that hold them back today are listed below. Here's why they are rising:

Adbri Ltd (ASX: ABC)

The Adbri share price is up 32% to $3.00. This morning, this building materials company revealed that it has received a non-binding takeover proposal from CRH and its largest shareholder, the Barro Group. A $3.20 cash per share offer has been tabled by the parties. Adbri has granted exclusive due diligence access until the end of February.

Link Administration Holdings Ltd (ASX: LNK)

The Link share price is up 30% to $2.21. This has also been driven by takeover news. Link has entered into a scheme implementation deed with Mitsubishi UFJ for a deal that will see it taken over for $2.26 cash per share. This represents a 32.9% premium to where the Link Group share price ended last week and values its equity at $1.2 billion.

Neuren Pharmaceuticals Ltd (ASX: NEU)

The Neuren share price is up 22% to $20.98. Investors have been buying the company's shares after it released top-line results from its Phase 2 clinical trial of NNZ-2591 in children with Phelan-McDermid syndrome (PMS). According to the release, a significant improvement was observed by both clinicians and caregivers from treatment, across multiple efficacy measures. There are currently no approved treatments for PMS.

Tabcorp Holdings Ltd (ASX: TAH)

The Tabcorp share price is up 22% to 89.5 cents. This has been driven by news that the gambling company has been awarded the new Victorian Wagering and Betting Licence by the Victorian Government. Management estimates that this licence would have boosted FY 2023's EBITDA by $140 million if it had been in place for that period.

The post Why Adbri, Link, Neuren, and Tabcorp shares are racing higher today appeared first on The Motley Fool Australia.

At the time of writing, the administration services company's shares are up 26% to $2.14.

Why is the Link share price jumping?

Investors have been buying the company's shares today after it received and accepted a takeover offer.

According to the release, Link has entered into a scheme implementation deed with Mitsubishi UFJ Trust & Banking Corporation, under which the latter will acquire 100% of the shares in Link Group by way of a scheme of arrangement.

Mitsubishi UFJ has tabled a $2.26 cash per share offer, which comprises $2.10 cash per share and a 25% franked dividend of $0.16 per share.

This represents a 32.9% premium to where the Link Group share price ended last week. It values its equity at $1.2 billion and implies an enterprise value of $2.1 billion.

Why was the offer accepted?

Link Group's Chair, Michael Carapiet, highlights the offer's significant premium. He said:

We are pleased that The Trust Bank has recognised value in Link Group's market leading and global businesses of Retirement & Superannuation Solutions (RSS) and Corporate Markets (CM).

While the Link Group Board has and remains confident about the company's future, we acknowledge that the Scheme provides shareholders with the opportunity to receive cash value at a significant premium.

The Board's unanimous recommendation [to vote in favour of the scheme] was based on a thorough evaluation of various factors, including Link Group's intrinsic value under different scenarios and the potential medium-term share price without the Scheme.

The Board believes that the proposed transaction will benefit both shareholders and stakeholders, and is in line with the Board's priority to deliver shareholder value.

The Link's board's unanimous recommendation is in the absence of a superior proposal and subject to an independent expert concluding that the scheme is in the best interests of shareholders. The scheme remains subject to various approvals.

The post Link share price jumps 26% on $1.2b takeover offer appeared first on The Motley Fool Australia.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

Four ASX shares that are rising more than most today are listed below. Here's why they are charging higher:

Adbri Ltd (ASX: ABC)

The Adbri share price is up 7% to $2.24. This morning, this building materials company released a trading update and revealed that its 2023 underlying EBITDA is expected to be within the range of $310 million to $315 million. This moderately exceeds the outlook provided at its half-year results in August.

Beach Energy Ltd (ASX: BPT)

The Beach Energy share price is up 4% to $1.55. Investors have been buying this energy producer's shares after oil prices charged higher overnight. A weaker US dollar and an improved 2024 demand outlook boosted prices. The S&P/ASX 200 Energy index is up 2% this afternoon.

Core Lithium Ltd (ASX: CXO)

The Core Lithium share price is up 15% to 30.5 cents. This appears to have been driven by a jump in Chinese lithium futures following the completion of COP28. Short sellers may also be buying shares in a hurry to close their positions, adding to the buy side of the equation.

Link Administration Holdings Ltd (ASX: LNK)

The Link share price is up 9% to $1.72. This morning, this administration services company advised that longstanding client AustralianSuper has entered into a memorandum of understanding to negotiate an extension to their partnership until at least 2028.

The post Why Adbri, Beach Energy, Core Lithium, and Link shares are charging higher today appeared first on The Motley Fool Australia.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

This latest update reveals that there will be three ASX shares kicked out of the benchmark ASX 200 index later this month.

Let's now take a look at which shares are being removed and then what will be replacing them.

Which ASX 200 shares are leaving the ASX 200?

The ASX 200 shares that have been kicked out are property companies Cromwell Property Group (ASX: CMW) Growthpoint Properties Australia Ltd (ASX: GOZ), and administration services company Link Administration Holdings Ltd (ASX: LNK).

Over the last 12 months, their shares have fallen 40%, 28%, and 61%, respectively. This has dragged their market capitalisations to a level that means there are now more suitable options for ASX 200 index inclusion.

The bad news for the evicted ASX 200 shares is that selling pressure could now increase. That's because index funds that track the ASX 200 will be forced to sell their shares. In addition, fund managers that have strict investment mandates may have to sell if they aren't permitted to invest outside the benchmark index.

What are the new additions?

Joining the ASX 200 index on 18 December will be uranium developer Boss Energy Ltd (ASX: BOE), mortgage insurer Helia Group Ltd (ASX: HLI), formerly known as Genworth Mortgage Insurance Australia, and fleet management and salary packaging company Smartgroup Corporation Ltd (ASX: SIQ).

Their shares are up 78%, 51%, and 70%, respectively, over the last 12 months.

And, in contrast to the three companies that have been kicked out, they could experience an increase in demand for their shares as index funds buy shares and they become available to fund managers with the aforementioned investment mandates.

The post Quarterly rebalance: These shares are joining the ASX 200 index. What's being kicked out? appeared first on The Motley Fool Australia.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

Four ASX shares that are rising more than most are listed below. Here's why they are climbing:

Collins Foods Ltd (ASX: CKF)

The Collins Foods share price is up over 9% to $11.05. Investors have been buying this KFC restaurant operator following the release of its half-year results. Collins Foods reported a 14.3% increase in revenue from continuing operations to $696.5 million and a 16.7% lift in underlying EBITDA from continuing operations to $109.9 million.

Healius Ltd (ASX: HLS)

The Healius share price is up 6% to $1.41. Investors have been picking up this beaten-down healthcare company's shares following the release of its annual general meeting update. They appear pleased with Healius' corporate reset plans.

Imugene Limited (ASX: IMU)

The Imugene share price is up 10% to 10 cents. This morning, this immuno-oncology company revealed that its MAST (Metastatic Advanced Solid Tumours) clinical program has been granted Fast Track designation from the US Food and Drug Administration (FDA). This program is evaluating the safety and efficacy of novel cancer-killing virus CF33-hNIS (VAXINIA).

Link Administration Holdings Ltd (ASX: LNK)

The Link share price is up 4% to $1.24. This has been driven by the administration services company's annual general meeting update. That update revealed that it expects to deliver operating EBIT growth of 10% in the first half. In light of this strong half, management has upgraded its guidance for the full year. It now expects full-year revenue growth of at least 6.5% and operating EBIT growth of between 7% and 9%.

The post Why Collins Foods, Healius, Imugene, and Link shares are climbing today appeared first on The Motley Fool Australia.

In morning trade, the ASX 200 administration services company's shares are up 10% to $1.31.

Why is this ASX 200 share jumping?

Investors have been fighting to get hold of Link's shares today after it released a trading update at its annual general meeting. As you might have guessed from the share price reaction, this update was a very positive one.

Despite the challenges presented by the current macroeconomic operating environment, the ASX 200 share has been able to upgrade the FY 2024 guidance that was first provided to the market back in August.

Firstly, for the first half of FY 2024, management expects operating earnings before interest and tax (EBIT) on a continuing operations basis to be around $90 million. This will be up approximately 10% on the prior year.

In light of this strong start to the year, it now expects full-year revenue growth of at least 6.5% and operating EBIT growth of between 7% and 9%.

As a reminder, Link was previously guiding to FY 2024 group revenue growth of at least 5% and operating EBIT growth of at least 6%.

Pleasingly, the ASX 200 share's CEO, Vivek Bhatia, believes the company can build on this over the medium term. Bhatia commented:

We are confident that our core businesses have the strength, the diversity and resilience required to navigate the current operating conditions. The underlying quality, capability and capacity of our continuing businesses remains extremely sound, and they are poised to deliver solid revenue and margin growth over the medium term.

Despite today's strong gain, this ASX 200 share is still down by 35% year to date.

The post Can you guess which ASX 200 share is up 10% on a guidance upgrade? appeared first on The Motley Fool Australia.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

Four ASX shares that are falling more than most today are listed below. Here's why they are dropping:

Harvey Norman Holdings Limited (ASX: HVN)

The Harvey Norman share price is down 4% to $3.90. This has been driven by the retailer's shares going ex-dividend this morning for its fully franked final dividend of 12 cents per share. Eligible shareholders can now look forward to receiving this payout next month on 13 November.

Link Administration Holdings Ltd (ASX: LNK)

The Link share price is down 3% to $1.30. This morning, this administration services company released an update on the proposed sale of its Link Fund Solutions business. Investors may be disappointed with how long the process is taking. Management now expects the scheme meeting to take place in two months.

Lithium Power International Ltd (ASX: LPI)

The Lithium Power International share price is down 5% to 39.5 cents. After the market close on Thursday, this lithium explorer reconfirmed that it is in takeover talks with Chilean mining giant Codelco. However, it dismissed speculation that a deal has been agreed valuing the company at 50 cents per share. It called this figure "incorrect."

ResMed Inc (ASX: RMD)

The ResMed share price is down over 2% to $21.65. Investors have been selling this sleep treatment company's shares following positive trial results for weight loss drug Ozempic in the treatment of chronic kidney disease. While kidney disease has no direct link to ResMed, investors appear concerned that the increased use cases of Ozempic could lead to government and health insurance companies offering better reimbursements or coverage. The high costs of Ozempic were expected to prevent true mass adoption.

The post Why Harvey Norman, Link, Lithium Power International, and ResMed shares are dropping today appeared first on The Motley Fool Australia.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

But that's about it for the losers.

Turning the tables to the winners, it was ASX mining shares that were delighting investors the most today. The S&P/ASX 200 Materials Index (ASX: XMJ) rose by a healthy 0.89% by the end of trading.

Healthcare shares were just behind that, illustrated by the S&P/ASX 200 Healthcare Index (ASX: XHJ)'s 0.78% lift.

Gold was another bright spot on the ASX boards. The All Ordinaries Gold Index (ASX: XGD) rose by a solid 0.63%.

ASX consumer staples and discretionary shares both had solid days as well. The S&P/ASX 200 Consumer Staples Index (ASX: XSJ) and the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) managed gains of 0.31% and 0.29% respectively.

Tech stocks were relatively tame today though. The S&P/ASX 200 Information Technology Index (ASX: XIJ) barely made a ripple with its rise of 0.08%.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

Four ASX shares that have failed to follow the market higher today are listed below. Here's why they are dropping:

Adbri Ltd (ASX: ABC)

The Adbri share price is down almost 15% to $2.34. This follows the release of the building materials company's half-year results. Adbri reported a 14% increase in revenue to $926.4 million and a 12.8% lift in underlying net profit after tax to $52.1 million. While this was positive, its guidance for the second half implies earnings before interest and tax below consensus estimates.

Brainchip Holdings Ltd (ASX: BRN)

The Brainchip share price is down a further 5% to a multi-year low of 27.5 cents. Investors have been hitting the sell button this week after the semiconductor company posted half-year revenue of just US$115,606. One thing that was growing was its losses, which doubled to US$17.15 million for the six months. Despite recent weakness, the meme stock still has a sky-high market capitalisation of approximately $500 million.

Link Administration Holdings Ltd (ASX: LNK)

The Link share price is down almost 7% to $1.25. This morning, analysts at Citi responded to the administration services company's FY 2023 results by retaining their neutral rating and cutting their price target to $1.40.

Weebit Nano Ltd (ASX: WBT)

The Weebit Nano share price is down 11% to $4.07. This may have been driven by news that First Sentier Investors has been shorting the semiconductor company. Like Brainchip, Weebit Nano has been described as a meme stock due to its sizeable valuation and lack of revenue. This makes them easy targets for short sellers.

The post Why Adbri, Brainchip, Link, and Weebit Nano shares are dropping today appeared first on The Motley Fool Australia.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.