Insights

3 ASX All Ordinaries shares having a cracking Monday

It seems not all ASX shares are having a bad start to the week.
The post 3 ASX All Ordinaries shares having a cracking Monday appeared first on The Motley Fool Australia. –

The All Ordinaries Index (ASX: XAO) is having a rough start to the week, but these shares are bucking the trend.

While the index is slumping 0.9% at the time of writing, they’re shooting up to 8.5% higher.

Let’s take a closer look at what’s going on with the shares outperforming their All Ordinaries peers on Monday.

3 ASX All Ordinaries shares leaping higher today

Appen Ltd (ASX: APX)

The Appen share price is taking off on Monday despite its removal from the S&P/ASX 200 Index (ASX: XJO). The tech stock was kicked out of the index as part of June’s quarterly rebalance which took effect this morning.

The news doesn’t appear to have damped the ASX All Ordinaries share price, though. Right now, it’s trading 8.54% higher at $5.72.

It’s also a good day for the broader technology sector. The S&P/ASX All Technology Index (ASX: XTX) is currently up 0.5% while the S&P/ASX 200 Information Technology Index (ASX: XIJ) has gained 0.73%.

Infomedia Limited (ASX: IFM)

Another ASX All Ordinaries share partying on Monday is Infomedia. It’s been propelled into the green on the back of a third takeover offer.

Right now, the Infomedia share price is $1.605, 7.72% higher than its previous close.

The automotive industry-focused software-as-a-service provider has been handed a $1.70 per share takeover offer from Solera Holdings.

It has received two other bids in the last few weeks. The first was also worth $1.70 per share while the second was higher at $1.75 per share.

Whether competition for Infomedia breaks into a full-blown bidding war is yet to be seen.

BetMakers Technology Group Ltd (ASX: BET)

The last of today’s ASX All Ordinaries overachievers is the BetMakers share price. The stock has surged 5.31% to trade at 34 cents each on Monday.

While there’s been no news from the bookmaker today, its peer PointsBet Holdings Ltd (ASX: PBH) is heading upwards on news of a strategic investment.

The interest in a fellow ASX betting company may have bolstered sentiment surrounding BetMakers.

The post 3 ASX All Ordinaries shares having a cracking Monday appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.* Scott just revealed what he believes could be the “five best ASX stocks” for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now

See The 5 Stocks
*Returns as of January 12th 2022

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

Why Appen, Infomedia, PointsBet, and Vicinity shares are storming higher
Appen share price jumps 10% despite ASX 200 exit: What’s going on?
Infomedia share price surges 9% following third takeover approach
These are the 10 most shorted ASX shares
5 things to watch on the ASX 200 on Monday

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Appen Ltd, Betmakers Technology Group Ltd, Infomedia, and Pointsbet Holdings Ltd. The Motley Fool Australia has recommended Betmakers Technology Group Ltd, Infomedia, and Pointsbet Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

  • This field is for validation purposes and should be left unchanged.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;

To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.

An active and funded account with a positive trading balance is required to continue to have access to the tools;

Although the tools are available to you, Monex Securities may at it’s discretion disable access to the tools in the future;

Monex Securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

FREE AAPL, TSLA, AMZN, PFE or MRO Share(s)
REGISTER TO BE ELIGIBLE FOR FREE SHARES
TRAVEL ACROSS THE FINANCIAL WORLD
Act Fast - Promotion Ends In
Click Here To Get Started
FREE AAPL, TSLA, AMZN, PFE or MRO Share(s)
REGISTER TO BE ELIGIBLE FOR FREE SHARES
TRAVEL ACROSS THE FINANCIAL WORLD
Act Fast - Promotion Ends In
Click Here For More Info